Rep Partners Acquires Retail Property In Ellenville For $9.15M

The retail property located at 100-112 Shoprite Boulevard in Ellenville has been sold for a price of $9,150,000. The asset consists of a total of 56,555 square feet, resulting in a price per square foot of $162. The property was bought by Rep Partners from Core Equity Partners, facilitated by brokers Jordan Alleva and Hayden Heacox of Newmark.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,150,000
• SF: 56,555
• PPSF: $162
• Buyer: Rep Partners
• Seller: Core Equity Partners
• Broker: Jordan Alleva & Hayden Heacox - Newmark

The involvement of Jordan Alleva and Hayden Heacox of Newmark played a crucial role in successfully closing the deal. They represented Rep Partners, the buyer, in this transaction, ensuring a smooth and efficient process for both parties involved.