Pacific Retail Capital Partners has acquired Bridgewater Commons, a 1.2 million square foot mall located in Bridgewater, NJ, marking the firm's entry into the state. The acquisition includes The Village at Bridgewater Commons, a 94,000 square foot open air shopping district adjacent to Bridgewater Commons.
PRCP assumed Bridgewater Commons' existing loan and secured an extension that will provide the company with sufficient time to transform the mall into a mixed-use destination.
Situated along the I-287 corridor, Bridgewater Commons is located in a New York City suburb and is home to a number of retailers and restaurants, including Bloomingdale's, Macy's, Apple, J. Crew, lululemon athletica, Williams-Sonoma, The Cheesecake Factory and AMC Dine-In Theatres, LOFT, Maggiano's Little Italy, Shake Shack and Starbucks.
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