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North Bergen shopping center sells for $19 million

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The shopping center at 2819 JFK Blvd. in North Bergen.
The shopping center at 2819 JFK Blvd. in North Bergen. - ()

Commercial real estate firm Cushman & Wakefield recently announced it had orchestrated the $19 million sale of a shopping center in North Bergen.

The undisclosed buyer purchased the fully leased, 41,000 square-foot property at 2819 JFK Blvd. through a 1031 Exchange with a joint venture partnership.

“Limited grocery-anchored retail product has come online recently in New Jersey and throughout the Northeast market in general,” Brian Whitmer of East Rutherford-based Cushman & Wakefield’s Metropolitan Area Capital Markets Group, said. “It makes sense that properties with term and credit are being pursued aggressively by institutional and private investors. 2819 JFK Boulevard was no exception.”

Whitmer represented the seller alongside Andrew Merin, David Bernhaut, Gary Gabriel, Seth Pollack and Nick Karali.

The shopping center is located on Route 495, just off Route 3 and less than a mile away from the Lincoln Tunnel. It houses an Aldi, Crunch Fitness and a free-standing Sonic drive-in restaurant. 

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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