PISCATAWAY, NJ—CBRE‘s New York Institutional Properties team of Jeffrey Dunne, David Gavin and Kevin Welsh represented JDA Piscataway LLC, an entity controlled by JDA Development Co., in the sale of Stop & Shop Plaza in Piscataway, NJ, for $27.75 million. The team was also responsible for procuring the buyer, Piscataway HUH 2014 LLC, an entity controlled by The Hampshire Companies.

Stop & Shop Plaza is a highly attractive and visible ±84,134-square-foot retail center situated at the intersection of Stelton Road and New Brunswick Avenue (25,475± cars per day). The center is 97 percent leased and anchored by Stop & Shop, Advance Auto and Investors Savings Bank, which will be constructing a new outparcel building. Well-positioned less than a half mile from I-287, the property is situated in a dense retail corridor with more than 1.3 million sq. ft. within approximately one mile, including Home Depot, LA Fitness, Kohl’s, Walmart, Lowe’s, Target and Petco.

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