KPE II LLC Acquires Plainsboro Plaza Retail Center For $42.2M

The Plainsboro Plaza, a significant retail center located at 10 Schalks Crossing Road in Plainsboro, New Jersey, has been sold for $42.2 million. The property spans 218,718 square feet and was acquired by KPE II LLC from Onyx Equities. The asset features prominent tenants such as CVS and SuperFresh.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $42,200,000
• Buyer: KPE II LLC
• Seller: John Saraceno, Jr. - Onyx Equities
• Address: 10 Schalks Crossing Road
• Market: Plainsboro
• Square Footage: 218,718

John Saraceno, Jr. was the seller, representing Onyx Equities in the transaction. On the buyer's side, KPE II LLC was assisted by their representative.