CBRE’s National Retail Partners Jeffrey Dunne, David Gavin, Chris Munley, Colin Behr and Travis Langer represented Goldman Sachs Alternatives in the sale of Springfield Avenue Marketplace in Newark for $37.5 million.
The team also procured the buyer, Medipower, a publicly traded company on the Tel Aviv Stock Exchange.
Springfield Avenue Marketplace is a 110,551-square-foot, high-volume, ShopRite-anchored center. It fronts directly on Springfield Avenue, benefits from signalized access and is currently 97% leased, providing stable, long-term cash flow…