FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. 8K

The company agreed to sell its Westwood Plaza Shopping Center in New Jersey to Regency Centers Acquisition, LLC for $28.8 million under a detailed purchase and sale agreement with extended inspection and closing timelines.

First Real Estate Investment Trust of New Jersey, Inc. entered into a Purchase and Sale Agreement dated May 26, 2026 to sell its Westwood Plaza Shopping Center in Westwood, New Jersey to Regency Centers Acquisition, LLC for a purchase price of $28.8 million, with the buyer posting up to $2.2 million of earnest money deposits (largely nonrefundable after specified inspection periods), a structured due diligence and inspection framework including optional monthly extension payments tied to re-tenanting the former Kmart anchor space, and customary representations, warranties, prorations, closing conditions, and covenants regarding leases, contracts, environmental matters, and property operations through a closing to occur no later than August 15, 2027.

Filing Facts

CIK

36840

Ticker

-

Form

8K

Source Type

sec

Accession

0001174947-26-000621

Alert Tier

7