Jaswant Singh Masson Acquires Inman Grove Shopping Center From Jeff Spragens For $24M

The property asset involved in this transaction is the Inman Grove Shopping Center, located at 1075-1125 Inman Avenue in Edison, NJ. The retail center encompasses a total square footage of 125,371 and has a sale price of $24,000,000, which reflects a price per square foot of $191. The shopping center was formerly anchored by Stop & Shop and hosts a variety of national tenants including Dunkin', Taco Bell, Verizon, Subway, Dairy Queen, and UPS.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,000,000
• Sale Date: 6/6/2025
• Buyer: Jaswant Singh Masson
• Seller: Jeff Spragens
• Seller's Representative: CJ Huter, Lew Finkelstein & Marc Palestina - The Goldstein Group
• Market: Edison
• Square Footage: 125,371
• Price Per Square Foot: $191

The deal involved key individuals including buyer Jaswant Singh Masson and seller Jeff Spragens, with representation from CJ Huter, Lew Finkelstein, and Marc Palestina of The Goldstein Group, who facilitated the transaction. The new ownership is now focused on leasing the 46,725 SF of former grocery space within the shopping center.