#USA #New Jersey #Newark #Hilco Real Estate #Bankruptcy Sale

Hilco Real Estate Unveils Prime Properties for Bankruptcy Sale

In a significant announcement, Hilco Real Estate Sales has set September 30, 2025, as the deadline for bids on a portfolio of prestigious properties through a bankruptcy sale. This collection includes notable assets strategically located across Northern New Jersey, specifically in Harrison, Kearny, Barnegat, and Boonton. Investors looking to diversify their portfolios or capitalize on redevelopment opportunities will find these properties appealing due to their broad spectrum of possibilities.

Highlights of the Portfolio

Harrison Town Square Redevelopment Area

One of the standout listings is the Harrison Town Square Redevelopment Area, a large mixed-use site spanning over 9.34 acres at 1000 Frank E. Rodgers Boulevard. This prime location is situated conveniently between the Harrison PATH Station and the anticipated 25,000-seat Sports Illustrated Arena, making it the final significant redevelopment parcel along the coveted PATH corridor. Currently functioning as a 1,050-space commuter parking lot, this site comes with fully approved entitlements and an executed Redevelopment Agreement with the Town of Harrison. The envisioned Harrison Town Square will emphasize a transit-oriented community featuring approximately 1,500 residential units, around 500,000 square feet of Class A office space, about 149,000 square feet for retail and entertainment, a 200-key hotel, and structured parking accommodating 4,163 vehicles.

Diversified Industrial Assets

The second leg of the portfolio comprises various diversified industrial assets, presenting a rare opportunity to build critical mass within a Tier One infill market in Newark's Metropolitan Statistical Area (MSA). Properties located in Harrison and Kearny feature income-producing assets with repositioning potential and long-term redevelopment prospects. Among the significant properties in this category are the Goodwill Building and the Panasonic Building, which provide numerous possibilities for prospective developers. Particularly noteworthy is a fully approved site for a 91-unit multifamily development located at 1–15 Railroad Avenue, where groundwork has already begun.

Moreover, the Breiderhoft Studios, a 50,000± square foot industrial facility currently operating as a film and TV studio, enhances the portfolio's allure. Given New Jersey's growing demand for production facilities and incentives such as potential tax credits and quick access to New York City, this property stands out as a unique investment opportunity in the burgeoning entertainment sector.

Jamie Coté, vice president at Hilco Real Estate Sales, emphasized the potential of this portfolio, stating, "This collection offers an unmatched opportunity to acquire substantial property in one of the most competitive industrial markets across the nation. With a mixture of stabilized income, ready-to-build parcels, and comprehensive entitled projects, investors can begin making strides in multiple directions right away."

Economic Landscape of Newark

The properties primarily benefit from their location within the Newark MSA, known for its robust economic environment. Supporting over 2.2 million residents and boasting a median household income around $103,182, this area is consistently above national averages, making it attractive for real estate investment. Being part of the larger New York-Newark-Jersey City MSA, home to nearly 20 million residents and consistent income growth, adds further stability and opportunity for developers and investors alike.

Bid Submission Details

The bankruptcy sale is pending approval from the U.S. Bankruptcy Court in the District of New Jersey, under Petition No. 24-13427-slm | In re Super Properties Enterprises LLC. All bids need to be submitted by September 30, 2025, at 5:00 p.m. Eastern Time, following the guidelines set forth in the Asset Purchase Agreement (APA) available at Hilco Real Estate Sales’ official website.

For more information on the properties, sale process, and terms, investors are encouraged to reach out to Christian Koulichkov at (617) 335-3940 or Jamie Coté at (847) 418-2187. Detailed information regarding due diligence documents is also accessible via the Hilco Real Estate Sales website, providing a comprehensive view for interested bidders.

Hilco Real Estate Sales (HRE), affiliated with Hilco Global, is dedicated to assisting clients in optimizing their real estate assets and navigating complex transactions to foster long-term success. With over two decades of experience, HRE’s extensive portfolio and deep expertise ensure impressive results.

As the market continues to evolve, opportunities like this one underscore the value of strategic investment in real estate, particularly within thriving regions like Northern New Jersey.