{"id":649471,"date":"2026-03-12T03:45:28","date_gmt":"2026-03-12T03:45:28","guid":{"rendered":"https:\/\/www.europesays.com\/us\/649471\/"},"modified":"2026-03-12T03:45:28","modified_gmt":"2026-03-12T03:45:28","slug":"former-hoboken-grocery-property-primed-for-redevelopment-snags-8-24-million","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/649471\/","title":{"rendered":"Former Hoboken Grocery Property Primed for Redevelopment Snags $8.24 Million"},"content":{"rendered":"<p>         <img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-94985\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/03\/226-228-washington-street-hoboken.jpg\" alt=\"226 228 Washington Street Hoboken\" width=\"1600\" height=\"1200\"  \/>226-228 Washington Street, Hoboken. Photo by Bill Hartnett\/Jersey Digs.<\/p>\n<p>A two-story retail property located on Hoboken\u2019s primary commercial artery sold for $8.24 million. CBRE oversaw the sale of 226-228 Washington Street. The building, most recently occupied by a grocery store, is ideal for redevelopment.<\/p>\n<p>The <a href=\"https:\/\/jerseydigs.com\/165-newark-ave-jersey-city-loan\/\" rel=\"nofollow noopener\" target=\"_blank\">CBRE<\/a> team of Charles Berger and Sam Bernhault led the marketing campaign for the <a href=\"https:\/\/jerseydigs.com\/210-13th-street-hoboken-house-for-sale\/\" rel=\"nofollow noopener\" target=\"_blank\">Hoboken<\/a> property and represented the seller in the negotiations. <a href=\"https:\/\/jerseydigs.com\/1631-paterson-plank-road-1631-paterson-plank-road-sold\/\" rel=\"nofollow noopener\" target=\"_blank\">CBRE<\/a> was also responsible for procuring the buyer.<\/p>\n<\/p>\n<p>\u201cWe leveraged the full strength of our integrated platform, drawing expertise from both Capital Markets and Retail Services, to secure a buyer with a reliable plan for the asset and validating the potential value add for the property,\u201d noted CBRE\u2019s Berger. \u201cWe were able to achieve a purchase price that translates to over $1,000 per sq. ft. in an all-cash transaction. The new ownership now plans to secure entitlements to develop a mixed-use property.\u201d<\/p>\n<p>The property was most recently leased by high-end grocery store Aspen Marketplace, which closed in summer 2025. First opened as Garden of Eden Marketplace, the market had occupied the site since 2006.<\/p>\n<p>226-228 Washington sits in the heart of Hoboken\u2019s thriving retail district. The property is a quick walk to both the Hudson River waterfront and the Hoboken PATH Station. Several national retailers and restaurants, including Starbucks, Chipotle, Sephora, Nike, Dunkin\u2019, and Abercrombie &amp; Fitch.<\/p>\n<p>This transaction is one of several new deals on Hoboken\u2019s highly coveted Washington Street. <a href=\"https:\/\/jerseydigs.com\/rutherford-dunkin-sells\/\" rel=\"nofollow noopener\" target=\"_blank\">Marcus &amp; Millichap<\/a> recently completed sales at <a href=\"https:\/\/jerseydigs.com\/312-washington-hoboken-sells\/\" rel=\"nofollow noopener\" target=\"_blank\">312 Washington<\/a>, as well as <a href=\"https:\/\/jerseydigs.com\/420-1004-washington-street-hoboken-sells\/\" rel=\"nofollow noopener\" target=\"_blank\">420 and 1004 Washington<\/a>.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"226-228 Washington Street, Hoboken. Photo by Bill Hartnett\/Jersey Digs. A two-story retail property located on Hoboken\u2019s primary commercial&hellip;\n","protected":false},"author":3,"featured_media":649472,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[275869,5229,15833,405,403,5226,5225,5228,5227,67,586,132,5230,68,2969],"class_list":["post-649471","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-226-228-washington-street","tag-america","tag-cbre","tag-new-york","tag-new-york-city","tag-newyork","tag-newyorkcity","tag-ny","tag-nyc","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116214151508965167","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/649471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=649471"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/649471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/649472"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=649471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=649471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=649471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}