6B — October 13 - 26, 2017 — Southern New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
S outhern N ew J ersey
86-percent-leased Commons at Hooper is home to 21 tenants HFF announces $21.1 million sale of community shopping center in Toms River T
acres at 1350 Hooper Ave., a major retail corridor in Ocean County with an average daily traffic volume of approximate- ly 40,000 vehicles per day. An estimated 61,377 residents earning an average annual income of more than $90,000 live within three miles of the center. The HFF investment sales team that represented the sell- er included senior managing director Jose Cruz , managing director Kevin O’Hearn , se- nior directors Michael Oliver and Stephen Simonelli and director Marc Duval . “The value-add opportuni- ties in well-located retail mar- kets in the Garden State are in very high demand these days,” Cruz said. “This deal has a significant amount of upside in the leasing and potential repositioning.” Holliday Fenoglio Fowler, L.P. and Holliday GP Corp, are licensed New Jersey real estate brokers. n continued from page 2B is here. And whether we are global warmests or not, living a sustainable and environmen- tally aware lifestyle is key and the healthy alternative. We are all intuitively aware of this; no larger lessons need be learned.” "Our firm aims to take a lead- ership role in sustainability at all levels,” he continued. “Our work, whether in the neighbor- hoods of Brooklyn or Queens, through our NYC Urban Studio division, or in the open fields of rural Hunterdon or Somerset counties, we are driven by a desire for invention and creative solutions.” "Personally, we feel it is im- portant that institutions of all flavors make a statement about sustainability. That includes our many clients on hospital and health campuses, educational institutions, not for profits, and county and local governments.” "On a selected basis, heavy timber framing for the ap- propriate classroom or lab building, ambulatory care or urgent care center, special needs or senior day care set- ting or the like is a wonderful way to make this institutional statement while benefiting from the overall quality and sustainability of timber as a building and art form,” said William Kimmerle, a regis- tered architect and partner in the firm. n Kimmerle Group
oms River, NJ — Holliday Fenoglio Fowler, L.P. (HFF) announced the $21.1 million sale of Commons at Hooper, a 120,349 s/f community shop- ping center in the coastal com- munity of Toms River. The HFF teammarketed the property in connection with bidding procedures approved by the United States Bank- ruptcy Court for the Southern District of New York in the Chapter 11 case of AC I Toms River LLC, which entity was represented by A. Mitchell Greene, Esq. of the law firm
of Robinson Brog Lein- wand Greene Genovese & Gluck P.C. Unison Realty Partners in partnership with ALTO Real Estate Funds purchased the asset free and clear of existing debt. The 86-percent-leased Com- mons at Hooper is home to 21 tenants, including Michaels, DSW, Dollar Tree, Mattress Firm, Dress Barn, The UPS Store, Ave., Sally Beauty, Jer- sey Mike’s and Citi Financial. The center was built in 1987 and has a pad site for future development. Commons at Hooper is situated on 14.63
Commons at Hooper
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