JLL completes $126 Million retail portfolio transaction between SITE Centers and Haverford Retail Partners
United States, Nov. 25 -- JLL Capital Markets announced that it has arranged the sale of a $126 million retail portfolio consisting of three premier neighborhood shopping centers spanning Pennsylvania, Ohio and New Jersey markets.JLL represented the seller, SITE Centers Corp., which sold the portfolio to Haverford Retail Partners.The portfolio includes Southmont Plaza in Easton, Pennsylvania; Stow Community Shopping Center in Stow, Ohio; and East Hanover Plaza in East Hanover, New Jersey. The three properties total nearly 770,000 square feet of gross leasable area and maintain an aggregate occupancy rate of 99 percent across 46.8 acres of prime retail real estate.Southmont Plaza, the portfolio's flagship asset, encompasses 250,939 square fe...
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