On behalf of Katz Properties, LLC, of New York City, JLL’s Capital Markets experts today announced the company completed the sale of the 211,758-square-foot Brookhaven Shopping Center in Brookhaven, Pennsylvania. The Shoprite and Lowes anchored property traded to Invesco Real Estate, a global real estate investment manager. JLL’s Managing Directors Chris Angelone and Jim Galbally led the team on the sale.
“We’re seeing institutional investors continue to target grocery-anchored assets in infill markets throughout the Northeast and Mid-Atlantic due to their stability and liquidity,” said Angelone. “Katz Properties did an excellent job repositioning the shopping center, which helped bolster investor interest, by signing new leases with reliable leaders in the market.” Interested in more >>>