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Hampshire buys retail center: CBRE Group Inc.

CBRE Group, Inc. announced that Jeffrey Dunne, David Gavin and Kevin Welsh, of CBRE's New York Institutional Properties team, sold the Stop & Shop Plaza in Piscataway, NJ, for $27.75 million.

The team represented JDA Piscataway, LLC, an entity controlled by JDA Development Co., in the sale and was also responsible for procuring the buyer, Piscataway HUH 2014, LLC, an entity controlled by The Hampshire Companies,

Dunne commented: "Stop & Shop Plaza is easily accessible by a growing and affluent population of 107,254 population of 107,254 within three miles, increasing to more than 323,000 within five miles, with average household incomes greater than $100,000.

"The center's strong grocery anchor coupled with its high credit satellite tenants ... will provide stable, long-term cash flow for Hampshire."

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Title Annotation:SELLING POINTS
Comment:Hampshire buys retail center: CBRE Group Inc.(SELLING POINTS)
Publication:Real Estate Weekly
Date:Sep 24, 2014
Words:127
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