Sean Ryan is associate editor of Real Estate New Jersey
(For more retail coverage, click GlobeSt.com/RETAIL.)
EDISON, NJ-Wharton Realty Group has acquired the ShopRite-anchored Edison Mall for a price in excess of $20 million. The seller was GE Capital Real Estate.
The 105,000-sf retail center, located at Route 1 and Old Post Road, is 100% occupied, including other tenants such as North Fork Bank and Dots. John Hoffman, Matthew Schnurr and Michael Harrington of the Grubb & Ellis Institutional Investment Team brokered the deal on behalf of GE Capital.
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