Two area shopping centers, one anchored by a Wawa and the other shadow anchored by a Home Depot, have traded. Valley Forge Investment Corp. sold Warrington Plaza, an 87,581-square-foot retail center at Easton and Street roads in Warrington, for $22.5 million. Realty Resource Capital bought the center that counts Avalon Floor & Tile as a… Read more »
Irgang Group has purchased a 393,000-square-foot shopping center in Millville, New Jersey, its second retail property acquisition in three months. A New York-based real estate investment and management firm acquired the shopping center, called Union Lake Crossing, from Jenkintown, Pennsylvania-based Goodman Properties. Financial terms of the sale were not disclosed. Built in 2006, Union Lake… Read more »
MOORESTOWN – The former owner of Forman Mills has opened a discount store in an anchor location at Moorestown Mall. Rick Forman on Thursday debuted the third and largest outlet for his new concept, Turn 7, at the former site of a Lord + Taylor department store. The opening came as the shopping center’s owner, Philadelphia-based… Read more »
An indoor electric go-kart track in the now-vacant Kmart store at the Berlin Shopping Center has been approved by the borough’s Planning Board. Monaco E Karting LLC of Mount Laurel will lease 62,000 square feet of the former 92,000-square-foot Kmart store that closed in February 2014 and sits empty in the largely unused plaza on… Read more »
WCRE is proud to have exclusively Washington Township Real Estate Associates, LLC in the marketing and disposition of 501 Black Horse Pike, Blackwood, New Jersey to M&J Holdings LLC, a subsidiary of Vision Solar. 501 Black Horse Pike is an approximately 35,000 SF multi-purpose building situated on +/- 5 acres, situated directly on the heavily… Read more »
MOUNT HOLLY – Two home-improvement chains have expanded with new stores in Burlington County. LL Flooring will occupy a 9,600-square-foot store at Fairground Plaza in Mount Holly, while Burlington Design Center will occupy a 3,400-square-foot space at Chestnut Hill Plaza in Cinnaminson, leasing agents say. LL Flooring, formerly known as Lumber Liquidators, sells hard-surface flooring… Read more »
OceanFirst Bank revealed the locations of 20 branches it plans to close, including 10 in South Jersey. The closures listed in a filing with the Office of the Comptroller of the Currency include two in Gloucester County, one each in Burlington, Camden and Cumberland counties and five combined in the Jersey Shore counties of Atlantic… Read more »
MANTUA – A Wawa in Mantua is getting a new neighbor — another Wawa. The township’s Land Use Board approved plans Tuesday for a Wawa convenience store and fueling station at Bridgeton Pike and Mount Royal Road. The 5,585-square-feet store would rise across Bridgeton Pike from an older and smaller Wawa that lacks gas pumps. A Wawa… Read more »
CHERRY HILL – Wawa is pursuing plans for a new store and fueling station at a Route 70 retail center. The convenience store at Barclay Farms Shopping Center would be one of at least two Wawas proposed for sites in Camden County. The chain also wants to build a store on Blackwood-Clementon Road in Gloucester Township…. Read more »
Pep Boys — Manny Moe & Jack, the iconic Philadelphia company that is marking its 100th year keeping drivers on the road continues to close its familiar auto parts stores, as owner Icahn Enterprises shifts out of retail to concentrate on repairs and tire sales, employees say. Staff at the company’s Cherry Hill and Marlton… Read more »
