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Experiential Mix Keeping Wayne and Waldwick Retail Centers Vital

“Both West Belt Plaza and Waldwick Shopping Plaza are well-located top-performers, with a diverse tenant roster and a nice balance of consumer products and lifestyle services,” says Gebroe-Hammer's executive vice president, Greg Pine.

By Steve Lubetkin | stevelubetkin | Updated on August 09, 2017

West Belt Plaza, Route 23, Wayne, NJ West Belt Plaza, Route 23, Wayne, NJ

WAYNE AND WALDWICK, NJ—Two retail centers in Bergen and Passaic Counties changed hands for a combined $34 million in a transaction arranged by Gebroe-Hammer Associates.

Gebroe-Hammer’s executive vice president, Greg Pine exclusively represented the seller and procured the buyers of West Belt Plaza in Wayne (UB Waldwick I) and Waldwick Shopping Plaza in Waldwick (The Klein Group). Morristown-based Segal & Segal was identified as the seller of the Waldwick Shopping Plaza by Real Capital Analytics, a proprietary research database.

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