JLL Closes Sale of Grocery-Anchored Somerset County Center
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- Disclosed retail deal value tracked in October 2026: $796.7M across 8 reported transactions. All Retail coverage →
- 191 stories mentioning JLL on the wire in the past 90 days. JLL coverage →
Computed from Real Estate Trail’s own tracked coverage
JLL Capital Markets closed the sale of The Hills Village Center, a 110,000-square-foot grocery-anchored retail property located at 550 Hills Dr. in Bedminster, NJ. Senior managing directors Jose Cruz and Kevin O’Hearn…
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