NEW JERSEY—Advance Realty and Structure Tone Equities have teamed up to acquire Windsor Hights Shopping Center, a 132,733-sq.-ft., retail site in East Windsor. Christopher M. Bellapianta, director of finance and acquisitions for Advance Realty, represented the partnership in the transaction.
Located at 440 Route 130 South and situated on a corner of Route 130 and Hightstown Road, Windsor Hights Shopping Center features two pad sites that are currently occupied by PNC Bank and Taco Bell. The center is currently 40 percent occupied with approximately 92,000 sq. ft. of space available for lease.
“We see this as a strategic, value-add investment opportunity,” stated Peter J. Cocoziello, president and CEO of Advance Realty. “This transaction affords us a unique opportunity to re-tenant and reposition the property, which is known for providing retailers with excellent visibility in a vibrant and dynamic submarket.”