250 Bowery
250 Bowery, New York, NY, 10012-3010, US
1,023 m²
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