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REA
January 10, 2018  

Net-Leased NJ Retail Center Offered

A master-leased shopping center in New Jersey is on the block with an estimated value of $55 million.The 138,000-square-foot Franklin Towne Center, in Franklin Park, is leased to Ahold Delhaize, the parent company of Stop & Shop, although the grocer isn’t an occupant. The property is just 50% occupied, following last year’s closing of anchor store Stein Mart. HFF is marketing the property for Norse Realty of Lake Success, N.Y. At the...


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