Nearly 100,000-square-foot shopping center on Route 1‑9 changes hands five years after completion; buyer names disclosed, price not released, marketing materials and public records give valuation clues.
Legacy Square, a nearly 100,000 sq ft retail center at 820–860 West Edgar Road, was sold by Stockbridge Capital Group and Cypress Equities to Lamar Companies and Real Capital Solutions.
# What happened The nearly 100,000-square-foot shopping center known as Legacy Square on U.S. Route 1‑9 in Linden has been sold. Developer sellers Stockbridge Capital Group and Cypress Equities transferred the 14.22-acre retail property at 820–860 West Edgar Road to Madison-based Lamar Companies and Real Capital Solutions. The complex was completed five years ago.
# Who occupies the center Largest tenants named in marketing and reporting include Five Below, Phoenix Salon Suites, Kid's Empire, and Blue Sunday Steak. The center also contains national retailers and service providers such as Starbucks, Foot Locker, Verizon, and UPS. NJ.com reported an 81% occupancy rate. The center offers surface parking for up to 580 vehicles.
# Price and valuation signals Brokers did not disclose the sale price. JLL arranged the transaction for the seller but did not release financial terms. County clerk records were not public as of July 13. Public assessment and local valuation guidance provide an estimate: the Union County Assessor lists an assessed value of $7.7 million. Using Linden's 2026 Chapter 123 ratios to approximate market value yields an estimated range of about $27 million to $36.6 million for the 14.22-acre parcel.
# Site advantages and available space
# Context for the buyers The acquisition follows other recent purchases by Lamar Companies and Real Capital Solutions. Three months before this deal, the firms acquired the 368,049-square-foot office building at 30 Montgomery Street near the Exchange Place PATH station in Jersey City, indicating continued activity in the New Jersey commercial market.
# What this means locally
# Next steps for readers tracking the asset
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