August 15, 2018 • www.theobserver.com • Vol. CXXXI, No. 14
HIGHLIGHTS There’s a new kind of addiction, and it’s nothing like others ... Page 2
COVERING: BELLEVILLE • BLOOMFIELD • EAST NEWARK • HARRISON • KEARNY • LYNDHURST • NORTH ARLINGTON • NUTLEY
4 MORE YEARS! The new Wittpenn Bridge won’t be ready until 2022. But it’s progressing. See story, page 8. NJDOT Photo.
Kearny Square Mall sale price way over expectations at $45.5 million By Ron Leir Special to The Observer
M
ost people go to a mall to shop. And shop like mad, one particular buyer did, indeed. This patron bought the entire mall and suddenly, the price of real
estate on Kearny’s west side is beginning to zoom upward. Specifically, it’s the 139,000-square-foot Kearny Square mall, anchored by BJ’s, with a number of smaller retailers as additional tenants, that has sold for $45.5 million — well above its current-
assessed value of about $8.4 million and market value of more than $29 million. The property transaction was logged June 12 by the Hudson County Register’s Office, but the information didn’t become available to Kearny
#1 LISTING AND SELLING OFFICE IN 2017!
See MALL, Page 10
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