CBRE Arranges Sale of 760,765-SF Nassau Park Pavilion in Princeton, New Jersey

CBRE has arranged the sale of Nassau Park Pavilion, a 760,765-square-foot, Class A, grocery-anchored shopping center located at U.S. 1 and Quakerbridge Road in Princeton. Bridge33 Capital LLC purchased the property from SITE Centers Corp for an undisclosed amount.

Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE’s National Retail Partners team represented the seller in the transaction.

“Nassau Park Pavilion presented a unique opportunity to acquire a premier, supermarket-anchored shopping center with both immediate and long-term value-add potential,” said Behr. “Demand for grocery-anchored retail assets remains strong across the Northeast and Mid-Atlantic regions, reinforcing the strategic appeal of this investment.”

Nassau Park Pavilion features several prominent national tenants, including Target, Home Depot, Five Below and Floor & Décor, and is anchored by grocery retailer Wegmans, which serves over 1.7 million customers across nine states annually. The shopping center also includes best-in-class food and beverage retailers such as Just Salad, Bluestone Lane and Mezeh.

“We were honored to have the opportunity to work on the Nassau Park Pavilion assignment,” said Munley. “Shopping Centers of this caliber are rare, particularly in a location as distinguished as Princeton, one of the state’s most mature and tradition-rich municipalities.”