PISCATAWAY, NJ—CBRE's New York InstitutionalProperties team of Jeffrey Dunne, David Gavin andKevin Welsh represented JDA PiscatawayLLC, an entity controlled by JDA DevelopmentCo., in the sale of Stop & Shop Plazain Piscataway, NJ, for $27.75 million. The team was alsoresponsible for procuring the buyer, Piscataway HUH 2014LLC, an entity controlled by The HampshireCompanies.
Stop & Shop Plaza is a highly attractiveand visible ±84,134-square-foot retail center situated at theintersection of Stelton Road and New Brunswick Avenue (25,475± carsper day). The center is 97 percent leased and anchored byStop & Shop, Advance Auto andInvestors Savings Bank, which will be constructinga new outparcel building. Well-positioned less than a half milefrom I-287, the property is situated in a dense retail corridorwith more than 1.3 million sq. ft. within approximately one mile,including Home Depot, LA Fitness,Kohl's, Walmart,Lowe's, Target andPetco.
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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].
