Pacific Retail Buys 1.2M-SF Mall in Bridgewater, NJ

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.

PRCP is also currently redeveloping The Galleria at White Plains in White Plains, N.Y. in partnership with Cappelli Organization and SL Green. At Yorktown Center in Lombard, Ill., PRCP acquired the former Carson’s anchor box and is adding over 600 multifamily units and a park. In addition, the company is repositioning Shops at South Town in Sandy, Utah into a live, work and play environment by building more than 1,000 multifamily units and adding an office and hotel component with additional restaurant and retail concepts. PRCP is also serving as development advisor on Memorial City, a proposed 27-acre, urban infill development in Houston.