{"id":1004237267,"date":"2018-06-22T04:32:53","date_gmt":"2018-06-22T12:32:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004237267"},"modified":"2018-06-22T04:32:53","modified_gmt":"2018-06-22T12:32:53","slug":"bentall-kennedy-grabs-nj-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bentall-kennedy-grabs-nj-shopping-center\/","title":{"rendered":"Bentall Kennedy Grabs NJ Shopping Center"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004237270\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Main-image.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004237270\" data-attachment-id=\"1004237270\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bentall-kennedy-grabs-nj-shopping-center\/main-image\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Main-image.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Kearny Square, Kearny, N.J.\" data-image-description=\"&lt;p&gt;Kearny Square, Kearny, N.J.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Kearny Square, Kearny, N.J.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Main-image.jpg?w=800\" class=\"wp-image-1004237270 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Main-image.jpg\" alt=\"Kearny Square\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Main-image.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Main-image.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Main-image.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004237270\" class=\"wp-caption-text\">Kearny Square<\/p><\/div>\n<p>Cushman &amp; Wakefield has arranged the sale of Kearny Square, a 138,895-square-foot&nbsp;shopping center in Kearny, N.J. Bentall Kennedy\u2019s U.S. Core Fund acquired the property from the developer, Welco Realty. BJ\u2019s Wholesale Club anchors the premier shopping center. The same national <a href=\"https:\/\/www.commercialsearch.com\/news\/wheeler-buys-norfolk-va-shopping-center-for-86m\/\">retailer anchors&nbsp;JANAF Shopping Yard in&nbsp;Norfolk<\/a>, Va.<\/p>\n<p>Kearny Square is home to 13 other tenants, including New Jersey\u2019s largest supermarket operator, ShopRite, as well as Chipotle, Five Below, PetSmart, KMart and Modell\u2019s. The 2016-built asset is located at 200 Passaic Ave., along one of the most heavily trafficked routes in Northern New Jersey. Interstate 280 facilitates the transit to the area\u2019s key points, with Newark, N.J., and Harrison, N.J., being five minutes away. Jersey City, N.J., is a 20-minute drive away.<\/p>\n<p>\u201c<em>Kearny Square is distinguished by its location within Kearny\u2019s redevelopment district, a UEZ Zone that offers a variety of sales and use tax exemptions and other incentives<\/em>,\u201d said Cushman &amp; Wakefield Vice Chairman Andy Merin, in a prepared statement. Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Seth Pollack and Frank DiTommaso II represented both parties in the transaction.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kearny Square totals well more than 100,000 square feet and includes a diverse roster of tenants, the largest being BJ\u2019s Wholesale Club.<\/p>\n","protected":false},"author":241,"featured_media":1004237270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1600,21742,10,21749],"tags":[33217,32799,35136,37599,37310],"class_list":["post-1004237267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-new-york","category-latest","category-northeast","category-retail","tag-bentall-kennedy","tag-cushman-wakefield","tag-petsmart","tag-shoprite","tag-welco-realty-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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