New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
NKF Arranges Shopping Center Sale in Bayonne
NKF has completed the sale of shopping center Bayonne Shops in Bayonne, NJ outside of New York City, and 50 Lake Center Dr. in the Philadelphia suburb of Marlton, NJ. Totaling $11 million, the sale transactions were conducted via RealINSIGHT Marketplace, a live bid, multi-day sales platform.
The NKF team was led by Steven M. Schultz and John Howley, assisted by Tony Georgiev and John Daniels.
Bayonne Shopping Center (pictured) was acquired by a joint venture of Gallium Real Estate and Larken Associates for redevelopment into mixed-use retail and residential.
50 Lake Center, a Class A office building of over 88,000 square feet, was purchased by Twenty Lake Holdings. Built in 2006, the building is one of the newest office properties in the market.
“These centrally-located sites make both locations a wonderful choice for prospective tenants, and a worthwhile investment for the buyer,” said Schultz.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
