The Azarian Group acquires Livingston Town Center from Onyx Equities affiliate for $21.25m
Livingston, NJ — John Azarian, CEO of The Azarian Group, L.L.C. of Midland Park, is pleased to announce his company’s acquisition of the Livingston Town Center, Livingston from an affiliate of Onyx Equities for $21.25 million.
The Livingston Town Center is located at the intersections of E. Mt. Pleasant Ave. and N. Livingston Ave. and boasts 65,000 s/f of prime downtown retail, restaurants and services catering to the affluent community of Livingston and surrounding areas. Primary businesses include Destination Maternity, 7-Eleven, Anthony’s Coal Fired Pizza, Wells Fargo, Fit 36, Restore Cold Press Juices, X-Tend Barre and 19 others. Amenities include a park like setting, fountain and sitting area, prime downtown location, ample parking including indoor parking garage, and 114 attached upscale townhomes. The Livingston Town Center is 94% occupied.
Spaces of 1,456, 1,562 and 1,566 s/f are still available for lease.
The Azarian Group, L.L.C. is a privately-owned full service property management/development organization engaged in the acquisition, development, redevelopment, management, leasing, insuring, construction and financial management of retail, commercial and investment properties for its own portfolio as well as third parties.
The Azarian Group manages and leases properties for its own portfolio as well as for the private investor, partnerships, limited liability companies and lending institutions.