Clarion Partners Acquires 350,000 SF Shopping Center in Northern New Jersey

WEST ORANGE, N.J. — Clarion Partners has purchased Essex Green, a community shopping center located 495 Prospect Ave. in West Orange, for an undisclosed price. Situated on 33 acres, the 350,000-square-foot shopping center was 96 percent occupied at the time of closing. Tenants includes ShopRite, Macy’s Backstage, a nine-screen AMC Theatre with dine-in service, Total Wine & More, Sears Appliance/Outlet, Petco, TGI Fridays, Panera Bread, GameStop and GNC. Jose Cruz, Kevin O’Hearn, Stephen Simonelli, Andrew Scandalios and Chris Munley of HFF represented the seller, a global investment manager, in the transaction.