Agus Holdings And Treeco Acquire Golden Acres Shopping Center In South Plainfield For $40M

The Golden Acres Shopping Center, located at 3600 Park Avenue in South Plainfield, has been acquired for $40 million. The retail asset encompasses a total of 219,848 square feet and is currently 83% leased. The center features key tenants including a renovated ShopRite, Shoppers World, and Wendy’s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $40,000,000
• Square Footage: 219,848
• Price Per Square Foot: $182
• Buyer: Jonathan Agus - Agus Holdings; Andrew Fish - Treeco
• Brokers: Jose Cruz, Kevin O’Hearn, J.B. Bruno, Michael Kavaler & Joseph Lopresti - JLL

The deal was facilitated through JLL, which played a pivotal role in bringing Agus Holdings and Treeco together for the acquisition. The shopping center recorded 262,000 visits in June 2025, underscoring its activity and drawing power in the South Plainfield market.