Facebook Twitter LinkedIn Google Plus RSS

Urstadt acquires New Providence location for $35 million

By ,

Urstadt Biddle Properties Inc., in Greenwich, announced Thursday it acquired The Village Shopping Center, in New Providence, for $34.85 million.

According to an announcement, the property was purchased subject to an existing mortgage in the amount of $18.9 million that requires payments of principal and interest at a fixed rate of 5.6803 percent per annum. The mortgage matures in January 2022.

The 110,000-square-foot shopping center is tenanted by A&P, CVS, Radio Shack, Investor’s Bank and Smashburger.

You May Have Missed...

Write to the Editorial Department at editorial@njbiz.com

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!