Deptford Town Center has been sold for $13.5 million, with a plan to revitalize the 100,105-square-foot retail site by leasing it to seven national tenants. The property, located at the southeast corner of Deptford Center and Almonesson Roads, was previously home to Bed Bath & Beyond, Christmas Tree Shops, Buy Buy Baby, and Harmon Face Values, but is now vacant.

An affiliate of New York’s Blue Owl Capital sold the center to MSP Development, based near Pittsburgh. Since going under contract in the fall, six national retailers have signed leases, with a lease for a national bank nearly finalized, bringing the property to full occupancy.

*Article courtesy of Philadelphia Business Journal

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