A joint venture between Veris Residential and Woodmont Properties has sold Shops at 40 Park, a 49,974-square-foot boutique High Street retail asset with value-added upside located in Morristown, N.J.’s historic Town Center.
JLL represented the seller and procured the buyer, Winfield Properties.
Strategically positioned at 40 W. Park Place, The Shops at 40 Park benefits from its prime location fronting the historic Morristown Green. The property is situated in the heart of Morristown's central business district, surrounded by 2.6 million square feet of office space and within walking distance of the Morristown train station, providing direct access to New York City.
Constructed in 2010, The Shops at 40 Park is a thriving retail destination on a 0.77-acre site. The property is 100 percent leased at the street level, featuring a diverse tenant mix including Starbucks, Roots Steakhouse, Agricola, Qdoba and AT&T. The center attracts approximately 1 million annu
