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February 2019, PAG Investments announces the completion of Woodbridge Crossing, a recently renovated 285,229-square-foot retail center in the central New Jersey community of Woodbridge, Middlesex County. In February, 2019, the deal came to an official close in a [$25.5 million] buyout from Onyx Equities. Woodbridge is known to be one of the strongest retail centers […]
“We were able to secure a short-term loan that enabled PAG to acquire Loyal Plaza and provide them with the necessary time and funds that will be required to unlock the value of this shopping center,” Klein says. WILLIAMSPORT, PA—Loyal Plaza, a 293,607-square-foot, value-add shopping center anchored by GIANT Food Stores and Kmart in the northern Pennsylvania community of […]
December 11, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale and financing of Loyal Plaza, a 293,607-square-foot, value-add shopping center anchored by GIANT Food Stores and Kmart in the northern Pennsylvania community of Williamsport. The HFF team marketed the property on behalf of the seller. PAG Investments purchased the asset. Additionally, HFF worked on behalf of the new […]
New Jersey-based PAG Investments bought the Brookhaven Executive Center in Medford for what real estate sources estimate was $7.2 million. The price wasn’t officially disclosed. The 155,079-square-foot office complex sits on 15-acre campus and is 53 percent occupied. It was once owned by Paul Elliott, the CEO of Soundview Realty Group. It was foreclosed on in […]
In November 2018, PAG completed the acquisition of Loyal Plaza, located in Williamsport, Pa. With 293,607 square feet of retail space situated on 15 acres, the shopping center boasts a 96 percent occupancy rate. Loyal Plaza is anchored by GIANT Food Stores and Kmart. Its other retailers include Dollar Tree, Verizon Wireless, Staples, Great Clips, […]
Deadline again extended for Nassau Coliseum proposals After receiving a handful of responses, Nassau County officials have again pushed a deadline for developers to submit proposals for the Nassau Hub Innovation District, a 70-acre parking lot near the Coliseum. The deadline had been July 20, but was then extended to Aug. 3 and now Aug. […]
NKF Capital Markets is pleased to announce that Kevin Welsh, Brian Schulz, Chuck Kohaut and Jason Emrani of the firm’s Tri-State Capital Markets Team in collaboration with Scott Berfas, Dan Oliver and Jordan Oliver from NKF’s Mellville NY office, represented a financial institution in the 100% interest sale of Brookhaven Executive Center, a 53% leased 10-building office park totaling 155,079 SF. The team was […]
A 10-building office complex in Medford known as the Brookhaven Executive Center has been sold to New Jersey-based PAG Investments operated by Principal, Gershon Alexander. The price was not disclosed, but real estate sources pegged it at $7.2 million. Brookhaven Executive Center / Courtesy of Newmark Knight Frank The 155,079-square-foot office complex is on a […]
WEST ORANGE, NJ — Executive Hill Office Park, a four-building office complex in West Orange, was recently sold to PAG Investments, according to a news release. Last week, Holliday Fenoglio Fowler L.P. (HFF) announced that it sold the office complex on behalf of the seller, “an entity controlled by RNY Property Trust.” No selling price […]
The forced sale this year by a mortgage lender of a six-building Westchester office portfolio has Long Island-based RXR Realty pulling out of the county’s suburban office market — while investing heavily in downtown residential and retail developments in Yonkers and New Rochelle — after two decades as a prominent office-park owner and manager in […]