ShopOne Buys Oak Park Commons

ShopOne, a private real estate investment trust, paid an undisclosed price for Oak Park Commons, a 139,717-square-foot grocery-anchored shopping center in South Plainfield, NJ.

“Grocery anchored centers are still highly sought after by both institutions and private investors alike,” according to Jose Cruz, senior managing director for Holliday Fenoglio Fowler, who with Kevin O’Hearn, Michael Oliver, Stephen Simonelli and director Jordan Avanzato represented the seller and procured the buyer.

Originally built in 1998, the seven-building, ACME-anchored center is 98 percent leased to tenants including CVS, Advance Auto Parts, Dollar Tree, Goodyear Tires, Fitness 19, McDonald’s and Wells Fargo Bank.

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