NJ Shore Shopping Center Hits Market for $79M

The Greenleaf at Howell power center, Howell Township, NJ

HOWELL TOWNSHIP, NJ—Shortly after it secured a refinancing deal for the property, New York City-based Sun Equity Partners has put the Greenleaf at Howell power center here on the market for sale at a listing price of $78.5 million.

Marcus & Millichap has been retained as the exclusive sales agent for the property anchored by BJ’s Wholesale Club, LA Fitness and Xscape Theatres in 228,664 square feet of space. The property located on the northeast corner of U.S. Route 9 and Lanes Mill Road also features a mix of tenants on long-term net leases including: Starbucks, T-Mobile, ClimbZone, Hair Cuttery, Mattress Firm, Jersey Shore Supplements and Children’s Dental.