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KEYPORT, NJ-The 75,914-sf Keyport Plaza here has been sold byKeyport Plaza Associates LLP to BLDG Acquisition for $16.5 million.That number factors out to a healthy $217 per sf, anotherindication of the ongoing attraction of grocery-anchored shoppingcenters in the current investment sales market in the Garden State.BLDG Acquisition bought a 100% fee simple interest in theproperty.

"Keyport Plaza represented the opportunity to acquire a recentlybuilt, highly visible shopping center in one of the country's mostactive retail markets," says Jon Mikula, senior managing directorin the Florham Park, NJ office of Holliday Fenoglio Fowler. Mikulaand Jim Cadranell, a director in HFF's New Jersey office, alongwith senior managing directors Joe Morningstar and Glenn Whitmore,and managing director Andrew Scandalios of the firm's New Yorkoffice, marketed the asset on behalf of the seller, a localpartnership.