Sterling Organization Acquires Convery Plaza Retail Center In Perth Amboy For Undisclosed Amount

Convery Plaza is a grocery-anchored shopping center located at 365 Convery Boulevard in Perth Amboy, NJ. The property encompasses 94,430 square feet and includes notable tenants such as ShopRite, Dunkin’, and Taco Bell. The shopping center is situated in a densely populated suburb of New York City, benefiting from strong traffic and high household incomes.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Off-market acquisition
• Address: 365 Convery Boulevard
• Market: Perth Amboy
• Square Footage: 94,430
• Buyer: Bob Dake & Brian Kosoy - Sterling Organization

The deal was executed by Bob Dake and Brian Kosoy on behalf of Sterling Organization, which acquired the property for its Sterling United Properties Core Plus fund. This transaction adds a critical asset to their investment portfolio, focusing on a center that caters to a local demographic with robust market demand.