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Joe Staugaard Of Haverford Retail Partners Acquires Retail Portfolio From David Lukes For $126M

Property Image
SOLD
$126,000,000
David Lukes
Joe Staugaard

New Jersey

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Retail767,546 SF
Sold 11/25/2025
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Property Image
SOLD

Joe Staugaard Of Haverford Retail Partners Acquires Retail Portfolio From David Lukes For $126M

154 State Route 10

See Similar Deals
Retail767,546 SF
Sold 11/25/2025
David Lukes
Joe Staugaard
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$164
Total Square Footage:767,546 SF
Transaction Type:Sale

A three-property retail portfolio was sold for $126,000,000. The properties are located at 154 South Route 10, 4332 Kent Road, and 4423 Birkland Place, encompassing a total of 767,546 square feet. The transaction took place in the East Hanover, NJ; Stow, OH; and Easton, PA markets. The properties are anchored by known tenants such as Giant Eagle, Best Buy, Dick’s, HomeGoods, and HomeSense, and generate an annual base rent of $10.95 million.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $126,000,000
  • Buyer: Joe Staugaard - Haverford Retail Partners
  • Seller: David Lukes - SITE Centers
  • Broker: JLL
  • Square Footage: 767,546
  • Price per Square Foot: $164

This transaction was arranged by JLL Capital Markets as part of SITE Centers' portfolio-pruning strategy, reflecting a strategic move to optimize their holdings in the retail sector.

Players

JLL
JLL
BROKERAGE
Joe Staugaard
Joe Staugaard
1 deal$126M volume
BUYER
David Lukes
SITE Centers
David Lukes
28 deals$1.6B volume
SELLER

Details

SOLD
IMAGE: Joe Staugaard & David Lukes DATE: 11/25/2025 ADDRESS: 154 South Route 10, 4332 Kent Road & 4423 Birkland Place MARKET: East Hanover, NJ; Stow, OH; Easton, PA ASSET TYPE: Retail BUYER: Joe Staugaard - Haverford Retail Partners SELLER: David Lukes - SITE Centers (@SiteCenters) BROKER: JLL (@JLL) SALE PRICE: $126,000,000 SF: 767,546 ~ PPSF: $164 NOTE: Haverford Retail Partners bought a three-property, 767,546-sf retail portfolio in New Jersey, Ohio, and Pennsylvania for $126M, arranged by JLL Capital Markets. The sites — anchored by tenants including Giant Eagle, Best Buy, Dick’s, HomeGoods, and HomeSense — generate $10.95M in annual base rent and were sold by Site Centers as part of its portfolio-pruning strategy.

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