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Aldrich 9 Plaza in Howell fetches $6.42M

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Aldrich 9 Plaza, Howell.
Aldrich 9 Plaza, Howell. - ()

Commercial real estate agency Gebroe-Hammer Associates has announced the sale of Aldrich 9 Plaza, a 28,660-square-foot retail center in Howell.

Gebroe-Hammer President Ken Uranowitz and Vice President Adam Zweibel arranged the $6.422 million sale, representing the seller, Aldrich Nine Associates LLC, and procuring the buyer, Aldrich III LLC.

Aldrich 9 Plaza was fully occupied at the time of the sale and is anchored by a Walgreens and Bed Bath & Beyond.

“Well-located consumer and lifestyle hubs like Aldrich 9 Plaza have demonstrated their true resilience – and favorability among investors – by offering a balance of services like fast-casual dining, health and wellness, entertainment and education alongside traditional shopping,” said Uranowitz.

According to Zweibel, over 47,000 vehicles pass by Aldrich 9, which is adjoins Aldrich Plaza Shopping Center, each day and more than 135,000 people live within a 5-mile radius of the center.

Gebroe-Hammer is located in Livingston.

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Jessica Perry

Jessica Perry

Jessica is the Web Editor for NJBIZ. You can reach her at jperry@njbiz.com.

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