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 Crossing is located at the intersection of North Second Street and Union Lake Boulevard. The shopping center is anchored by ShopRite, Kohl’s and Ross. Other notable tenants located at the shopping center include Staples, PetSmart, Famous Footwear, Party City, Five Below, Buffalo Wild Wings, Moe’s Southwest Grill and Sonic. Over 95% of the property’s occupied space is held by national tenants.
For more information about South Jersey retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading New Jersey and Philadelphia commercial real estate broker that specializes in office space, retail space, and industrial space.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier South Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other New Jersey and Philadelphia commercial properties for buyers, tenants, investors, and sellers.
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