M id A tlantic Real Estate Journal — Best of 2025 — March 2026 — 17B
www.marej.com
The LARGEST RETAIL SALE of 2025
JLL Capital Markets Golden Acres Shopping Center South Plainfield, NJ
The Blau & Berg Company 403 Higgins Ave. Brielle, NJ
The Dougherty Team of Marcus & Millichap Village Ctr. & Goodnoe’s Corner
Size: 7500 SF Brokers: Scott Savastano, Nick Savastano, John Longo The retail property at 403 Higgins Avenue in Brielle, NJ, a 7,510 s/f building on 1.31 acres functioning as a successful restaurant with seating for about 350 patrons and over 85 parking spaces, sold for $6,000,000 in March 2025. Located just one block from the waterfront and marinas, the site offers significant redevelopment potential and includes a transferable liquor license, which was approved for transfer from Brenda III, LLC (operating as Whiskey Lounge) to The Tides Brielle LLC during the same period. This transaction, recorded in Monmouth County records, represents a substantial increase from its prior sale in 2017 for $2,600,000, underscoring the value of prime coastal retail spaces in the area.
Jose Cruz Kevin O’Hearn J.B. Bruno
Location: Newtown, PA Size: 112,365 SF / 12 Acres (Combined) Brokers: Scott Woodard and Derrick Dougherty Scott Woodard and Derrick Dougherty orchestrated the portfolio sale of two dominant shopping centers in Bucks County: Village Center (Bensalem) and Goodnoe’s Corner (Newtown). This 122,365 s/f collection features a high-performing ACME grocery anchor with a 46-year tenure and a diverse mix of 100% occupied NNN and ground-leased assets. Strategically located in wealthy submarkets (AHHI up to $157K), the portfolio offered the buyer immediate scale and long-term stability with a weighted average tenancy of over 32 years. The transaction highlights the team’s ability to execute complex, multi-asset generational real estate assignments.
Size: 219,848 SF Brokers: Jose Cruz, Kevin O’Hearn and J.B. Bruno LL Capital Markets arranged the $40 million sale of Golden Acres Shopping Center, a 219,848 s/f grocery- anchored shopping center in South Plainfield, NJ. JLL worked on behalf of the seller. The buyer was a joint venture between Agus Holdings and Treeco. Golden Acres Shopping Center is strategically located along Oak Tree Avenue in the densely populated suburb of South Plainfield. The property sits at the intersection of Park Avenue and Oak Tree Avenue, which see 15,000 and 23,000 vehicles-per-day respectively, providing excellent visibility and accessibility in a area with limited retail competition.
The Blau & Berg Company is proud to celebrate the outstanding achievements of our exceptional team members!
Top Leasing & Sales Team
Largest Retail Sale
Nicholas Savastano Associate
Scott Savastano Executive Director
John Longo Senior Director
Jason Crimmins CCIM SIOR Chief Executive Officer
Alessandro Conte CCIM SIOR President
Peter Murano, Jr. SIOR Managing Executive Director
Largest Industrial Lease
Largest Industrial Sale
Brian DiPinto Executive Director
Ashley Rosa Director
Tamara Blau Senior Director
Brad Jacobs Senior Director
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