LINDEN, NJ—Lamar Companies sold its Linden Commons, a 115,500-square-foot, fully-leased, retail center in Linden, NJ, to Prestige Properties & Development for $30.5 million, capping an 18-month turnaround and transformation project.

“This acquisition far outperformed our expectations, as we were able to stabilize a vacant center within 18 months by capitalizing on the strong tenant demand for class A centers in dense infill locations in the Northern New Jersey market,” says Ralph Pugliano of Lamar Companies.

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