Mark Kalkus And Marcel Arsenault Acquire 93,785 Square Feet Retail Center In Linden New Jersey

The 93,785-square-foot Shops at Legacy Square retail center, located at 820-860 West Edgar Road in Linden, NJ, has been sold. The transaction was completed by a joint venture between Stockbridge Capital Group and Cypress Equities. The property was acquired by Lamar Companies and Real Capital Solutions. The retail center is currently 80.6% leased, which provides a remaining lease-up opportunity of 18,235 square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Undisclosed
• Date: 06/29/2026
• Buyer: Mark Kalkus - Lamar Companies; Marcel Arsenault - Real Capital Solutions
• Seller: Terry Fancher - Stockbridge Capital Group; Chris Maguire - Cypress Equities
• Brokers: J.B. Bruno, Jose Cruz, Cole Doyon, & Kevin O’Hearn - JLL
• Mortgage Brokers: Michael Klein & Max Custer - JLL

The deal involved significant participation from various parties, with JLL representing the sellers in the transaction and providing advisory services to the buyers regarding acquisition financing. The development was completed five years prior to the sale.