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860 West Edgar Road

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

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

860 West Edgar Road

Building Size

93,785 SF

Asset Type

Retail

Closing

Jun 29, 2026

AI

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:

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.

Players

Jose Cruz

JLL

Broker

$7.8B

vol

103 deals

Broker
Cole Doyon

Cole Doyon

JLL

Broker
Broker
Marcel Arsenault

Marcel Arsenault

Real Capital Solutions (RCS)

Buyer

$432.6M

vol

8 deals

Buyer
Terry Fancher

Terry Fancher

Stockbridge

Seller

$1.8B

vol

20 deals

Seller

Linden Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93