HFF Arranges $41.5 Million Sale of ShopRite-Anchored Center in New Jersey

ShopRite anchors Wall Towne Center, a 99,070-square-foot shopping center in Wall Township, New Jersey. ShopRite anchors Wall Towne Center, a 99,070-square-foot shopping center in Wall Township, New Jersey.

Wall Township, N.J. — HFF has arranged the $41.5 million sale of Wall Towne Center, a 99,070-square-foot retail center in the central New Jersey community of Wall Township.

DWS acquired the property from AEW Capital Management LP. ShopRite anchors the center, which was fully leased at the time of sale. Wall Towne Center is home to 12 additional tenants including Great Clips, AT&T, GNC, Allstate Insurance, Cherry Blow Dry Bar, OceanFirst Bank, Lubrano’s Trattoria and PetValu. The center was constructed in 1997 and was renovated in 2017. Jose Cruz, Kevin O’Hearn, Chris Munley, Michael Oliver and Stephen Simonelli of HFF arranged the transaction on behalf of the seller.

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