Newburgh Town Center – NEW JERSEY

MISSION

From 1999 to 2003, Cofinance Inc. developed a shopping centre called “Newburgh Town Center” in Newburgh, New Jersey. The initial investment of $24 million was used to develop total retail space of 146,000 square feet and build 696 parking spaces. Due to the wide variety of stores and the extensive offering, rents increased steadily, reaching $2.5 million in late 2005, for an asset value estimated at more than $34 million.

Newburgh Town Center

New-York

TEMPSAcquisition of land and development of a shopping centre.

Surface area of 146 000 square feet

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