PAG Investments Acquires Woodbridge Crossing Mega Shopping Center
February 2019, PAG Investments announces the completion of Woodbridge Crossing, a recently renovated 285,229-square-foot retail center in the central New Jersey community of Woodbridge, Middlesex County. In February, 2019, the deal came to an official close in a [$25.5 million] buyout from Onyx Equities.
Woodbridge is known to be one of the strongest retail centers in the region. With average annual household income of nearly $102,577, the burgeoning community is experiencing terrific retail growth. Woodbridge Crossing is situated within 3 miles of more than 138,543 of the population and has exposure to over 85,000 vehicles per day.
Burlington Stores, Big Lots, Planet Fitness, Altitude Trampoline Park, Modell’s, Party City, Thomasville, Sprint, Miracle Ear and FedEx Office are among its tenants.
This high-visibility, high-occupancy, retail investment represent PAG’s commitment to maintaining a diverse and value-oriented portfolio of retail properties across the region.
“The acquisition of Woodbridge Crossing is a perfect complement to strategically located properties already in our portfolio, and demonstrates our keen focus on investors and executing our game plan,” Geoff Adler, Co-Principal of PAG Investments said.