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ACQUISITIONS AND DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Closed Acquisitions
During the year ended December 31, 2018 and December 31, 2017, we closed on the following acquisitions:
Date Purchased
 
Property Name
 
City
 
State
 
Square Feet
 
Purchase Price
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
 
January 26, 2018
 
938 Spring Valley Road
 
Maywood
 
NJ
 
2,000

 
$
719

 
February 23, 2018
 
116 Sunrise Highway
 
Freeport
 
NY
 
4,750

 
447

 
February 28, 2018
 
197 West Spring Valley Ave
 
Maywood
 
NJ
 
16,300

 
2,799

 
May 24, 2018
 
7 Francis Place
 
Montclair
 
NJ
 
3,000

 
966

 
 
 
 
 
 
 
 
 
2018 Total
$
4,931

(1) 
 
 
 
 
 
 
 
 
 
 
 
 
January 4, 2017
 
Yonkers Gateway Center
 
Yonkers
 
NY
 
—

(2) 
$
51,902

 
January 17, 2017
 
Shops at Bruckner
 
Bronx
 
NY
 
114,000

 
32,269

 
February 2, 2017
 
Hudson Mall
 
Jersey City
 
NJ
 
383,000

 
44,273

 
May 24, 2017
 
Yonkers Gateway Center
 
Yonkers
 
NY
 
437,000

(2) 
101,825

 
May 24, 2017
 
The Plaza at Cherry Hill
 
Cherry Hill
 
NJ
 
413,000

 
53,535

 
May 24, 2017
 
Manchester Plaza
 
Manchester
 
MO
 
131,000

 
20,162

 
May 24, 2017
 
Millburn Gateway Center
 
Millburn
 
NJ
 
102,000

 
45,583

 
May 24, 2017
 
21 E Broad St / One Lincoln Plaza
 
Westfield
 
NJ
 
22,000

 
10,158

 
May 25, 2017
 
The Plaza at Woodbridge
 
Woodbridge
 
NJ
 
411,000

 
103,962

 
 
 
 
 
 
 
 
 
2017 Total
$
463,669

(1) 
(1) 
The total purchase prices for the properties acquired in the year ended December 31, 2018 and December 31, 2017, respectively, include $0.1 million and $11.3 million of transaction costs incurred in relation to the transactions.
(2) 
On January 4, 2017, we acquired fee and leasehold interests, including the lessor position under an operating lease for the whole property. On May 24, 2017, we purchased the remaining fee and leasehold interests not previously acquired, including the lessee position under the operating lease for the whole property.
Schedule of Aggregate Purchase Price Allocations
The aggregate purchase price of the above property acquisitions has been allocated as follows:
Property Name
 
Land
 
Buildings and improvements
 
Identified intangible assets(1)
 
Identified intangible liabilities(1)
 
Debt premium
 
Total Purchase Price
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
938 Spring Valley Road
 
$
519

 
$
200

 
$
—

 
$
—

 
$
—

 
$
719

116 Sunrise Highway
 
151

 
296

 
—

 
—

 
—

 
447

197 West Spring Valley Ave
 
1,768

 
1,031

 
—

 
—

 
—

 
2,799

7 Francis Place
 
381

 
585

 
—

 
—

 
—

 
966

2018 Total
 
$
2,819

 
$
2,112


$
—


$
—


$
—

 
$
4,931

 
 
 
 
 
 
 
 
 
 
 
 
 
Yonkers Gateway Center
 
$
40,699

 
$
—

 
$
25,858

 
$
(14,655
)
 
$
—

 
$
51,902

Shops at Bruckner
 
—

 
32,979

 
12,029

 
(12,709
)
 
(30
)
 
32,269

Hudson Mall
 
15,824

 
37,593

 
9,930

 
(17,344
)
 
(1,730
)
 
44,273

Yonkers Gateway Center
 
22,642

 
110,635

 
38,162

 
(68,694
)
 
(920
)
 
101,825

The Plaza at Cherry Hill
 
14,602

 
33,666

 
7,800

 
(2,533
)
 
—

 
53,535

Manchester Plaza
 
4,409

 
13,756

 
3,256

 
(1,259
)
 
—

 
20,162

Millburn Gateway Center
 
15,783

 
25,387

 
5,360

 
(947
)
 
—

 
45,583

21 E Broad St / One Lincoln Plaza
 
5,728

 
4,305

 
679

 
(554
)
 
—

 
10,158

The Plaza at Woodbridge
 
21,547

 
75,017

 
11,596

 
(4,198
)
 
—

 
103,962

2017 Total
 
$
141,234

 
$
333,338

 
$
114,670

 
$
(122,893
)
 
$
(2,680
)
 
$
463,669

(1) As of December 31, 2018, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2017 were 16.9 years and 15.1 years, respectively. As of December 31, 2017, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2017 were 17.9 years and 16.6 years, respectively.