Seeking to grow our premier grocery anchored shopping center
portfolio in the suburban New York Metro Area.

LOCATIONS: Commuter Markets
Surrounding Manhattan

SIZE: Minimum 10,000 SF
PRICE: Minimum $5 Million

Grocery Anchored Shopping Centers

Drugstore Anchored Shopping Centers

Neighborhood & Community Shopping Centers

Single Properties or Portfolio Transactions

Select Street Retail

James Aries
Senior Vice President

Zach Fox
Vice President

A UBP DownREIT is a tax deferred transaction that enables an owner with appreciated property to transfer an asset without triggering a capital gain. The DownREIT structure provides flexibility for an individual partner/owner to liquidate an interest in a property at the time(s) of his/her choosing, while permitting other partners/owners to retain a cash flowing interest in the property and/or liquidate at other times. A UBP DownREIT provides liquidity, flexibility and diversification. A UBP DownREIT is a wonderful estate planning mechanism and a very useful tool for addressing:

Partnership Disputes Paralyzing a Property and Preventing a Sale: a “win-win” solution for partners and family members.

Succession Planning & Tax Savings: a practical way to divide real estate amongst family members without triggering a capital gains tax.

2018 Acquisitions


Yonkers, New York

27,000 SF shopping center comprised of two buildings at the important intersection of Central Park Avenue and Crisfield Road in Yonkers, NY. Anchor tenants are AutoZone, CKO Kickboxing and Dunkin’ Donuts.
2017 Acquisitions

High ridge shopping center

Stamford, Connecticut *DOWNREIT*

92,000 SF shopping center on High Ridge Road and Merritt Parkway in Stamford, CT. Anchor tenants are Trader Joe’s, DSW Shoes, Starbucks and Chase Bank.

Waldwick PlazA

Waldwick, New Jersey

27,000 SF shopping center in the heart of Waldwick, NJ at the intersection of Franklin Turnpike and Wyckoff Avenue. Tenants include Verizon, Supercuts and US Post Office.



74,000 SF shopping center located on Washington Avenue in Dumont, NJ. Anchor tenants are Stop & Shop, Valley Medical and Pet Valu.


Derby, Connecticut

Newly constructed 39,000 SF shopping center on Pershing Drive in Derby, CT. Anchor tenants are ALDI, Panera Bread and Popeye’s.

Van Houten farms

Passaic, New Jersey

36,500 SF grocery-anchored shopping center located on Van Houten Avenue in Passaic, NJ.

970 High Ridge Road

Stamford, Connecticut

27,000 SF shopping center located on High Ridge Road in Stamford, CT. Sits diagonal from UBP-owned High Ridge Plaza. Tenants include Verizon, FedEx and Supercuts.