Adoni Property Group Buys Springfield Plaza (72,120 SF) in New York

Reported Oct 13, 2026 · Source: Real Estate NJ

Source: Real Estate NJRead the full report at Real Estate NJ ↗

Deal details

Buyer
Adoni Property Group
Seller
Not disclosed
Price
$20.1M
Size
72,120 SF
Price per SF
$279 per SF (our calculation)
Asset class
Retail
Transaction
Sale
Sub-market
Northern & Central NJ
Metro
New York (incl. Long Island & NJ)
Reported date
Oct 13, 2026

Summary

That’s according to Cushman & Wakefield, which arranged the $20.1 million sale of Springfield Plaza at 271-275 Route 22. Adoni Property Group is adding to its portfolio, acquiring a more-than-72,000-square-foot retail center in Springfield that had been owned by the seller for some 40 years.

Summarized from the article; the quoted lines below are from the article itself.

Source: Real Estate NJ

Read the full report at Real Estate NJ. What the article says:

  • Deal / Buyer
    Adoni Property Group is adding to its portfolio, acquiring a more-than-72,000-square-foot retail center in Springfield that had been owned by the seller for some 40 years.
  • Deal / Price
    That’s according to Cushman & Wakefield, which arranged the $20.1 million sale of Springfield Plaza at 271-275 Route 22.
  • Size
    The 72,120-square-foot property changed hands with occupancy at 97 percent, the listing team said, touting its highly visible location and a diverse tenant mix including Olive Garden, the New Jersey Motor Vehicle Commission, Leslie’s Pool Supplies, Goldfish Swim School, Golf Cube Social and Once Upon a Child.

Frequently asked questions

Who bought Springfield Plaza?
Adoni Property Group bought Springfield Plaza in Northern & Central NJ, New York, according to Real Estate NJ.
How much did Springfield Plaza sell for?
The reported price is $20.1M ($279 per SF, our calculation), per Real Estate NJ.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.