Printer Friendly
The Free Library
14,634,461 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Joint venture purchases Monmouth's retail mecca.


Seaview Square, one of the Monmouth County's leading power retail centers, traded hands this month when a joint venture of Investcorp and Fidelity-AMG Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Partners purchased the 118-acre property from Starwood Heller for an undisclosed price.

Cushman & Wakefield's Metropolitan Area Capital Markets Group orchestrated or·ches·trate  
tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates
1. To compose or arrange (music) for performance by an orchestra.

2.
 the sale on behalf of both parties.

Located at 2301 Route 66, at the intersection of Routes 66, 18 and 35, the 775,000 s/f shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  is 80 percent leased to Costco, Target Greatland, Radio Shack See RadioShack. , Starbucks and Applebee's. The property has 5,000 parking spaces and offers an additional 127,000 s/f of future development potential.

"Investcorp and Fidelity-AMG competed with an aggressive pool of bidders for Seaview Square," added Jose Cruz Jose Luis Cruz (Cheo) can refer to different people:
  • Camarón de la Isla, stage name of José Monje Cruz
  • José Cruz (Sr.) (born 1947), a baseball player
  • José Cruz, Jr.
, a senior director with the Metropolitan Area Capital Markets Group. "Retail properties--especially those that are core-plus opportunity assets--have emerged among the most sought-after real estate investment types in 2005."

"Seaview Square would be a fantastic addition to any portfolio. Its location at the junction of the region's major routes enjoys a significant daily traffic count, and its strong mix of long-term credit tenants positions it with clear competitive advantage," said Andrew Merin, executive vice president of the Metropolitan Area Capital Markets Group.

Cushman & Wakefield's Metropolitan Area Capital Markets Group specializes exclusively in real estate sales, joint ventures and financing in northern New Jersey; Fairfield County Fairfield County is the name of three counties in the United States:
  • Fairfield County, Connecticut
  • Fairfield County, Ohio
  • Fairfield County, South Carolina
, Conn.; and Long Island and Westchester County, N.Y. The team has completed more than $7 billion worth of transactions during the past decade. For the past three years, this included more than $1 billion in transactions annually.
COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:NEW JERSEY; a joint venture of Investcorp and Fidelity-AMG Realty Partners purchased Seaview Square
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:7BAHR
Date:Dec 28, 2005
Words:263
Previous Article:Approvals in order for Stamford's new luxury development.(Brief Article)
Next Article:Work progressing at flex' office complex in Somerset.(NEW JERSEY)
Topics:



Related Articles
Cali Realty acquires three portfolios. (Cali Realty Corp.)
298-unit adult community to be built on 100 acres. (New Jersey).(Continental Properties)(Brief Article)(Statistical Data Included)
Partners buy $147.5m Metro Park office center in New Jersey.(Ivy Equities and Rockwood Capital Corp.)(Brief Article)
Partnership buys 118,000 SF Newark office building.
C&W completes blockbuster New Jersey sale.(Cushman & Wakefield's Metropolitan Area Capital Markets Group, Investcorp Bank, B.S.C., Investcorp Bank...
Investcorp opts out at Metro.(Investcorp Bank B.S.C., Metropolitan Tower)(Brief Article)
Building proves irresistible to ING.(ING Clarion Partners purchases property from Investcorp and Lincoln Equities)(Brief Article)
Reckson sells $330m share.
Stonemar's store spots.
C&W completes $100m transaction cycle.(NEW JERSEY)(sale of Point View Shopping Center, Cushman & Wakefield Inc.)(Brief Article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles