LIVINGSTON, NJ—The Azarian Group of Midland Park, NJ has acquired Livingston Town Center, a 65,000-square-foot, lifestyle retail property in Livingston, NJ, from a joint venture of Onyx Equities and Lubert Adler for $21.25 million.
Cushman & Wakefield's Metropolitan Area Capital Markets Group arranged the transaction.
“Livingston Town Center occupies a prime location in one of Northern New Jersey's most desirable residential communities, and is part of a successful town center concept that also includes 114 upscale residential units,” says Cushman & Wakefield's David Bernhaut. “Its best-in-class curb appeal and complementary tenant mix distinguish the property within its competitive set. At a time when investors continue to chase high-quality retail, this offering was very well received.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.