Winter Organization Acquires ACME Supermarket In Saddle Brook For $16.1M

The $16.1 million sale of a 62,504 sq ft ACME supermarket in Saddle Brook, New Jersey has been closed by JLL Capital Markets. The property, located at 75 Mayhill Street, sits on a 6.9-acre parcel and is occupied by ACME Markets since 1998. Winter Organization, represented by David Millstone, acquired the property from Samuel J. Morreale, who was represented by Vision Real Estate Partners. The transaction was facilitated by brokers Austin Pierce, J.B. Bruno, Jose Cruz, and Kevin O'Hearn from JLL.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $16,100,000
• Address: 75 Mayhill Street
• Market: Saddle Brook
• Property Size: 6.9 acres

The ACME supermarket has approximately 10 years remaining on the lease and has the potential for redevelopment. It is conveniently located near major transit routes, offering significant opportunities for the new owner, Winter Organization.