JLL Facilitates $18M Sale Of Retail Center In Woodland Park, NJ

A 90,945 square-foot retail center located at 1730 Route 46 in Woodland Park, New Jersey has been sold for $18 million. The property is fully leased and anchored by a supermarket, pharmacy, and bank. The sale was facilitated by JLL, with brokers Jose Cruz, J.B. Bruno, Kevin O'Hearn, and Michael Zlotnick representing the deal. The buyer, an undisclosed private investor, acquired the property.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,000,000
• Square Footage: 90,945
• Address: 1730 Route 46
• Market: Woodland Park

JLL played a key role in the sale of this retail center, showcasing their expertise in the Woodland Park market. With a fully leased property and strategic anchor tenants, this investment presents opportunities for the undisclosed private investor to generate a stable income. This transaction highlights the continued growth and demand for retail properties in the Woodland Park area.