Marcus: Fully leased 18,000 sq. ft. strip center in North Bergen trades for $6.4 million

by | Dec 2, 2024 | Deals, Retail and Entertainment

2229 John F. Kennedy Blvd. in North Bergen — Courtesy: Marcus & Millichap

By Brett Johnson

A local private investor has purchased a retail center in North Bergen for $6.415 million, brokers with Marcus & Millichap announced Monday.

According to the team, the property at 2229 John F. Kennedy Blvd. spans 18,130 square feet and is at full occupancy with six tenants. They include retail chain Aaron’s, its anchor, and several local businesses.

Alan Cafiero, Brent Hyldahl and Devin Perez, local investment specialists with Marcus & Millichap, represented the seller and procured the buyer.

“This asset drew extraordinary interest from the investor community due to its high-quality tenants and premier location,” Cafiero said. “The property is just one mile from the Lincoln Tunnel to New York City and features incredible population density, with more than 100,000 people living within one mile.”

Brett Johnson is a freelance writer.

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Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

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