The Goldstein Group Brokers $37 Million Sale of Washington Bridge Plaza in Fort Lee

The Goldstein Group Brokers $37 Million Sale of Washington Bridge Plaza in Fort Lee

PARAMUS, NJ (2025) – The Goldstein Group, a leading provider of retail real estate services in New Jersey announced the sale of Washington Bridge Plaza at 2151 Lemoine Avenue, Fort Lee, New Jersey, according to Neil Goldstein, Principal of The Goldstein Group.

The purchase price was $37 million dollars for the 47,000 square foot retail center anchored by Walgreens. CJ Huter, Vice President for The Goldstein Group, Marc Palestina, Director and Lew Finkelstein, Executive Vice President represented the purchaser, Young Property, LLC. Baruch (Bruce) Herman of Booth Street Realty represented the seller AAC Fort Lee Properties, LLC.

“We were able to assist a long-time client who needed a 1031 Exchange,” noted Huter. “There were many obstacles to overcome including timing, but all parties were able to deal with the issues and bring the deal to fruition.”

Washington Bridge Plaza is leased to national tenants such as Walgreens, Dollar Tree, Jersey Mike’s, and Kung Fu Tea. Other tenants at the center include The Gyro Project, Bon Epi, Fort Lee Vision, Binghamton Bagel & Deli, Belle Journee Bakery, Pho Today, Punta Cana, 101 Chicken and Kura Revolving Sushi.

The shopping center benefits from its prime location within Fort Lee’s main commercial corridor, surrounded by over 2,250 multifamily units within a half-mile radius. Adjacent retailers include ACME Markets, Starbucks, McDonalds and Valley Bank. Its proximity to Fort Lee’s bustling downtown, which boasts more than 30 restaurants, bars, and cafes, further enhances its appeal. Additionally, the property offers quick access to the George Washington Bridge, Interstate 95, and routes 46 and 4, making it a strategic location for both retail and residential purposes.

About The Goldstein Group

The Goldstein Group, New Jersey’s leading full-service commercial real estate brokerage firm, specializes in owner representation, retailer representation, investment sales and management services. The firm, founded in 1986, represents over 12,000,000 square feet of retail space and numerous national and regional retailers and restaurants. The Company is the New Jersey member of the Retail Brokers Network. As an RBN affiliate, The Goldstein Group provides clients assistance throughout the United States with qualified retail specialists in over 65 offices in the United States and Canada.

For more information on the Retail Brokers Network, visit www.retailbrokersnetwork.com.

For more information, contact Chuck Lanyard at (201) 703-9700, extension 115 or visit the Company’s website at www.thegoldsteingroup.com.