"Schoolhouse Crossings sold 464 Elizabeth Avenue, a fully leased, three-building retail center in Somerset, NJ, to Somerset NJ LLC for $8.965 million, or about $445 per square foot.
This 20,164-square-foot shopping center is anchored by a 14,564-square-foot Rite Aid and includes a 3,600-square-foot New Millennium Bank branch and a 2,000-square-foot Dunkin Donuts. The buildings were constructed in 2009 and each tenant holds long-term leases. The property sits on a 3.29-acre lot at a signalized intersection."
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