MORRISTOWN, N.J., July 11, 2022 -JLL Capital Markets announced today that it has closed the $26.5 million sale of Samsondale Plaza, a 156,185-square-foot shopping center anchored by Stop & Shop in the Rockland County community of West Haverstraw, New York.

JLL marketed the property on behalf of the seller, a joint venture between Mark Holdings LLC and Paragon Realty Group LLC. The buyer is an affiliate of Northeast Capital Group.

Samsondale Plaza is located at 45 South Route 9W and is anchored by Stop & Shop. Other major tenants at the 91% leased center include the New York State Department of Motor Vehicles, Dollar Tree, Advance Auto, Sports Clips, Sally Beauty Supply and Mandee.

The JLL Capital Markets team representing the seller was led by Jose Cruz, J.B. Bruno, Steve Simonelli, Michael Oliver, Kevin O'Hearn and Austin Pierce, along with Andrew Scandalios.

"Well-located grocery-anchored retail with upside in the rent roll continues to be in high demand today as investors look to increase their retail holdings," Cruz said. "Samsondale provides a great current yield with a stable tenant base and future appreciation."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Inc. published this content on 11 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2022 04:33:00 UTC.