REBUSINESS
ONLINE
February
19, 2014
A
joint venture between Black Oak Associates and MCB Real Estate has
acquired a 54,000-square-foot, grocery-anchored shopping center in Belleville
for $10.5 million. The property was purchased from Mount Kellett Capital
Management LP, owner of A&P grocery, and was structured as a sale-leaseback
transaction. The shopping center is anchored by Pathmark, one of A&P’s
grocery store banners, and is located about 10 miles west of New York City.
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