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The nine-acre property at 3130 Route 10 was sold by Denville Commons Associates LP. Cushman & Wakefield represented the seller and procured the buyer in the transaction.
Phase 1 of Legacy Square was completed in late 2019 with the opening of a 185,000/-square-foot Walmart Supercenter and seven finished pad sites. Phase two is now under construction and will open in early 2021.
Sheppard, Mullin, Richter & Hampton has hired partner Ira Schulman and associates Emily Anderson and Michelle Cuozzo from Pepper Hamilton to focus on construction litigation.
B6 Real Estate Advisors has appointed Trisha Connolly as senior managing director in the firm's capital advisory division, the first female team leader at the firm.
The property, originally built for Continental Can Company, is currently 70% leased to more than 20 tenants. No financial terms of the transaction were disclosed. Senior mortgage financing was provided by AmeriServ Financial.