![](https://res.cloudinary.com/jll-global-cmg/image/upload/w_1920,q_auto/ar_1.7777777777777777,c_crop/w_566,q_auto,c_scale/v1715966822/Prod/DealX/Img/dcf86708-653b-486a-9797-0e4dbe667398.jpg)
Bank of America - Staten Island, NY
3881 Richmond Ave, Staten Island, NY, 10312-3840, US
¥652,058,000 | 324 sm
Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of River Road Shopping Center (the “Property”), a value-add neighborhood center situated in Fair Lawn, Bergen County, New Jersey. River Road Shopping Center features over 92,523 SF of prime retail space across three separate buildings and boasts a notable tenant roster including ShopRite, Sherwin Williams (BBB, S&P), a standalone Walgreens structured on a long-term lease, as well as several in-line tenants. The Property is currently 89% leased offering significant upside potential through the lease-up of the existing vacancy as well as mark-to-market potential for select suites. ShopRite, New Jersey’s top grocer, is currently dark with less than one year of remaining term, presenting investors the unique opportunity to re-lease the space upon expiration. Additionally, the Property’s favorable zoning within the River Road Business District which allows multifamily redevelopment potential as-of-right enables investors to fully reposition the building while secured by durable, in-place income.
River Road Shopping Center presents investors the rare opportunity to acquire a well-located neighborhood center with national tenancy, unprecedented value-add upside, and redevelopment potential located in the densely populated Bergen County submarket.
Well-Located Neighborhood Center with Immediate Leasing Upside
Multi-Housing Redevelopment Potential
Exceptional Market Fundamentals and Demand Drivers
Powerful Demographic Profile in an Easily Accessible Location