Longpoint Partners Acquires The Hills Village Center Retail Asset In Bedminster For An Undisclosed Amount

The transaction involved the sale of a grocery-anchored shopping center located at 550 Hills Drive in Bedminster. The property spans 110,453 square feet and sits on 13 acres, contributing to its designation as a retail asset in the market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Undisclosed
• Address: 550 Hills Drive
• Market: Bedminster
• Square Footage: 110,453
• Acres: 13
• Buyer: Dwight Angelini - Longpoint Partners
• Brokers: J.B. Bruno, Jose Cruz & Kevin O’Hearn - JLL
• Occupancy Rate: 89.3%
• Anchor Tenant: Kings Food Market

JLL Capital Markets played a crucial role in facilitating the sale of The Hills Village Center. The new management will be conducted under Longpoint's Lena Centers brand, which aims to enhance community shopping experiences.