EDGEWATER, N.J. — Capstone Realty Group has purchased Marketplace at Edgewater, an 88,641-square-foot shopping center, and an adjoining 10,030-square-foot pad site in Edgewater, for $20.6 million. The shopping center sold for $16.4 million and the pad site for $4.2 million. Built in 1990 on 6.4 acres, the center is situated along the Hudson River near the George Washington Bridge at 725 Tower Road. Trader Joe’s anchors the shopping center. Other tenants include Animal General, Binghampton Bagel, Chase Bank, Fast Frames, H&R Block, PetValu, River Pet Resorts and Scerbo Physical Fitness. Mark Taylor, Dean Zang and Christopher Munley of Marcus & Millichap represented the seller, a private investor. Greg Babaian, also of Marcus & Millichap, represented Capstone in the transaction.
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