WOODBRIDGE, NJ—TG Acquisitions LLC has paid $6.3 million for the acquisition of a 74,618-sq.-ft. shopping center located at 755-789 St. Georges Ave. in Woodbridge, N.J.
Currently 24 percent occupied, the two-story shopping center is situated on 7.5 acres. Constructed in 2001, the property offers 403 surface parking spaces and is located on Route 35 with direct access to Route 1 and 9. Tenants at the property include Subway, Pap John’s and Rita’s, among others.
NAI James E. Hanson assisted in arranging the purchase of the property, while NAI DiLeo Bram & Co. represented the buyer, TG Acquisitions, LLC.