Jeffrey S. Olson Of Urban Edge Properties Acquires Retail Center In Bridgewater For $54.3M

The asset involved in this transaction is a retail property located at 600 Commons Way in Bridgewater, encompassing 12.5 acres. The location features a total square footage of 92,461 and was sold for $54,300,000, translating to a price per square foot of $587.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $54,300,000
• Address: 600 Commons Way
• Market: Bridgewater
• Acres: 12.5
• Square Footage: 92,461
• Price Per Square Foot: $587
• Buyer: Jeffrey S. Olson - Urban Edge Properties
• Seller: Steve Plenge - Pacific Retail Capital Partners
• Brokers: Kevin O’Hearn, J.B. Bruno & Jose Cruz - JLL

This transaction involved significant players in the real estate market, with Jeffrey S. Olson representing Urban Edge Properties as the buyer and Steve Plenge representing Pacific Retail Capital Partners as the seller. The deal was brokered by JLL, with brokers Kevin O’Hearn, J.B. Bruno, and Jose Cruz facilitating the acquisition of a 98%-leased retail center that includes various well-known tenants.