First Real Estate Investment Trust NJ to Sell Franklin

First Real Estate Investment Trust of New Jersey, Inc. entered into a purchase and sale agreement with Regency Centers Acquisition, LLC to sell the Franklin Crossing shopping center located at 814-860 Franklin Avenue in Franklin Lakes, Bergen County, New Jersey.

The agreement is dated April 8, 2026 and identifies First American Title Insurance Company as the escrow agent. The document sets an inspection period ending 30 days after the effective date and references environmental law definitions and hazardous materials concepts tied to the property. The excerpt also shows a nominal $100 consideration paid by buyer to seller as part of the agreement’s stated consideration.