SADDLE BROOK, NJ–Vision Real Estate Partners has acquired 55-75 Mayhill Street, a neighborhood shopping center comprised of two buildings, totaling 119,000 square feet in Saddle Brook, NJ.
The 12-acre site is anchored by a 62,000-square-foot A&P supermarket and is approved for an additional 12,000 square feet of retail space. Additionally, the site has 45,000 square feet of near-term availability, which can be leased as a single unit or divided into multiple units.
Vision Real Estate Partners and the seller were represented in the transaction by José Cruz, senior managing director, of Holliday Fenoglio Fowler, with managing director Kevin O'Hearn and real estate analyst Robert Borny. HFF's Jon Mikula and Jim Cadranell worked on behalf of Vision Real Estate Partners to secure acquisition financing through Oritani Bank.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
