A joint venture between Regency Centers Corporation and a separate account client advised by LaSalle Investment Management has sold Riverfront Plaza, a 129,000-square-foot shopping center anchored by ShopRite in the densely populated Northern New Jersey community of Hackensack.
Sterling Organization acquired the property for an undisclosed sales price.
Riverfront Plaza is anchored by ShopRite, the dominant grocery chain and top performer in the state. At 96 percent leased, the center boasts an impressive and loyal tenant lineup, including ShopRite, Sherwin-Williams, Leslie’s Pool Supplies and HILTI.
Situated on 13.8 acres at 500 South River Rd., Riverfront Plaza is positioned along the Hackensack River and at a signalized intersection less than one mile from major regional highways, including Interstate 80 and Route 46, and within a strong retail corridor. Hackensack is one of the most densely populated cities in the state, and there are more than 605,000 re
