NORTH BERGEN, NJ—TonnellePlaza, a 350,000-square-foot retail center with awarehouse component in the New York metropolitan area suburb ofNorth Bergen, NJ, has changed has for a reported $27 million.
Holliday Fenoglio Fowler marketed the propertyon behalf of the seller, 8101 Tonnelle Avenue. Anaffiliate of New York-based Northeast CapitalGroup and BHN Associates purchased theasset free and clear of existing debt.
"Tonnelle Plaza is located in one of NorthernNew Jersey's most densely-populated neighborhoods," saysJosé Cruz, HFF senior managingdirector. "The property benefits from a wide array of shoppers andis a great addition to the new partnership's portfolio."
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