Yorktowne Plaza in Brick Sold for $7.25M
In a significant real estate transaction, Yorktowne Plaza in Brick Township, Ocean County, has been sold for $7.25 million. This shopping center encompasses a total area of 41,219 square feet and covers nearly 5.84 acres.
Details of the Yorktowne Plaza Sale
The shopping center, which is home to 23 retail suites, was acquired by Frank DeLuca and his father, Frank DeLuca Sr. They purchased the property from Ocean County Equities LLC, as reported by Marcus & Millichap, the brokerage firm that facilitated the sale.
Tenant Mix at Yorktowne Plaza
- Domino’s Pizza
- Mariner Finance
- Crown Fried Chicken
- Nova Games
- Community Medical Center
These tenants contribute to a diverse shopping experience for visitors to the plaza. Established in 1965, Yorktowne Plaza continues to attract both shoppers and investors.
Brokerage Representation
Marcus & Millichap played a crucial role in this transaction. The brokerage team, consisting of Brent Hyldahl, Alan Cafiero, and Seth Goldberg, represented the seller throughout the deal.
This sale highlights the continued interest in commercial real estate within the Ocean County area. The Yorktowne Plaza transaction exemplifies the ongoing appeal of retail properties in vibrant communities.
