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CBRE arranges partnership for sale of Interstate Shopping Center in Ramsey | ROI-NJ
- CBRE arranged a joint venture equity partnership for Interstate Shopping Center in Ramsey.
- Crossroads Companies partnered with Wafra to acquire the center.
- Tenants include ShopRite, TJ Maxx, Michaels, Macy’s, Burlington and DSW.
- The center is located at the Route 17 and Franklin Turnpike interchange, 28 miles northwest of Manhattan.
- The deal reflects Crossroads’ equity-raising efforts for acquisition opportunities.
- CBRE noted the process was highly competitive with Wafra chosen as the preferred partner.
- Sellers and collaborators praised the teamwork in closing the transaction.
- Interstate Shopping Center is 348,763 square feet and grocery/pharmacy-anchored.
- Center sits in the Northern New Jersey retail submarket.
- The listing and coverage appeared in ROI-NJ on April 7, 2026.
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