PREIT Sells South Jersey Mall for Less

South Jersey Mall

PREIT has sold the Cumberland Mall in South Jersey to an undisclosed buyer for $45 million, an asset that it bought for $59.5 million in 2005. 

The Philadelphia real estate investment trust said proceeds from the sale will allow it to pay off its $39 million mortgage on the Vineland mall. A PREIT (NYSE: PEI) spokesperson said the acquirer has previously purchased malls from the company. 

The Cumberland Mall counts Boscov’s, Dick’s Sporting Goods, Petco, and Marshalls among its tenants. 

PREIT also said on Wednesday it closed on the sale of several outparcels surrounding some of its malls.

Most of the parcels were sold to Four Corners Property Trust of California, according to a spokesperson. They include a Red Robin at Francis Scott Key Mall in Frederick, Maryland; a Chuck E. Cheese at Magnolia Mall in Florence, South Carolina; and three parcels at the Mall at Prince Georges in Maryland. A Sears in Moorestown was also sold to Bel Canto Asset Growth Fund to make way for a multifamily development. 

*Article courtesy of Philadelphia Business Journal

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 South Jersey 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.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Restaurant Retail Space for Sale in South Jersey on White Horse Pike in Berlin

229 White Horse Pike Berlin NJ

Wolf Commercial Real Estate, the leading South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now has available South Jersey retail space for sale at 229 South White Horse Pike West Berlin NJ.

This South Jersey retail space for sale is a fully equipped restaurant with +/- 2,800 sf of retail space for sale in South Jersey at 229 South White Horse Pike Berlin NJ. All kitchen equipment and dining room furniture are included in the sale of this retail space in South Jersey.

The asking sale price for this retail space in South Jersey at 229 South White Horse Pike West Berlin NJ is $550,000. This South Jersey retail space for sale is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

There is ample parking with more than 40 parking stalls at this retail space in South Jersey. Offering easy access to Route 73, this South Jersey retail space for sale at 229 South White Horse Pike Berlin NJ is located directly on the White Horse Pike. The annual real estate taxes on this retail space in South Jersey are approximately $14,400 and this retail space in South Jersey for sale at 229 South White Horse Pike Berlin NJ is zoned C2.

This retail space in South Jersey at 229 South White Horse Pike West Berlin NJ offers customers drive-thru access and the dining room seats about 75 customers at this South Jersey retail space for sale is being offered through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This retail space in South Jersey at 229 South White Horse Pike Berlin NJ sits on a .68-acre lot. This South Jersey retail space for sale is being offered through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

For more information about this South Jersey retail space for sale at 229 South White Horse Pike Berlin NJ, or about any other South Jersey commercial properties for sale, please contact Eric Flocco (609-790-6940; eric.flocco@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, space management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

South Jersey Retail Space for Sale on White Horse Pike in Berlin

229 White Horse Pike Berlin NJ

Wolf Commercial Real Estate, the leading South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now has available South Jersey retail space for sale at 229 South White Horse Pike Berlin NJ.

This South Jersey retail property for sale is a fully equipped restaurant building and all kitchen equipment and dining room furniture are included in the sale of this retail building in South Jersey at 229 South White Horse Pike Berlin NJ.

The asking sale price for this retail space in South Jersey at 229 South White Horse Pike Berlin NJ is $550,000. This South Jersey retail property for sale is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

This South Jersey retail building for sale has drive-thru access and the dining room at this retail space in South Jersey at 229 South White Horse Pike Berlin NJ seats approximately 75 guests..

This retail property in South Jersey at 229 South White Horse Pike Berlin NJ sits on a .68-acre lot. This South Jersey retail building for sale is being offered through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

There is ample parking with more than 40 parking stalls at this retail space in South Jersey. Offering easy access to Route 73, this South Jersey retail property for sale at 229 South White Horse Pike Berlin NJ is located directly on the White Horse Pike.

The annual real estate taxes on this retail building in South Jersey are approximately $14,400 and this retail space in South Jersey for sale at 229 South White Horse Pike Berlin NJ is zoned “C2.”

For more information about this South Jersey retail space for sale at 229 South White Horse Pike Berlin NJ, or about any other South Jersey commercial properties for sale, please contact Eric Flocco (609-790-6940; eric.flocco@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker 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 South Jersey commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

Investment Retail Space for Sale on Main Street in Medford

Wolf Commercial Real Estate, a leading Medford commercial real estate brokerage firm with expertise in Medford commercial real estate listings and services, now has available investment retail space for sale in Medford at 6 South Main Street Medford NJ.

This owner-occupied investment retail space for sale in Medford at 6 South Main Street Medford NJ has an existing rent roll and this Medford retail space for sale is in the heart of downtown Medford. Among the usage possibilities for this investment retail space for sale in Medford are office space, a restaurant, or other retail business.

Please call for the asking sale price of this Medford retail space for sale. Wolf Commercial Real Estate, a Medford commercial real estate brokerage firm that specializes in Medford commercial real estate listings and services is offering this investment retail space for sale in Medford at 6 South Main Street Medford NJ.

There is free public parking located across the street on Union Avenue from this retail space for sale in Medford and this investment retail space for sale in Medford at 6 South Main Street Medford NJ is surrounded by the type of quaint, upper-class residential neighborhoods that are a trademark of this historic Burlington County township.

Various local restaurants, shops, and businesses are withing walking distance of this investment retail space for sale in Medford at 6 South Main Street Medford NJ and there are city water and sewer hookups serving this Medford retail space for sale.

More than 63,000 people live within five miles of investment retail space for sale in Medford at 6 South Main Street Medford NJ and the average household income within that same radius of this Medford retail space for sale is $115,792.

For more information about this investment retail space for sale in Medford at 6 South Main Street Medford NJ or about any other Medford commercial properties for sale or lease, please contact Michael Scanzano (856-857-6386; mike.scanzano@wolfcre.com) at Wolf Commercial Real Estate, a Medford commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Medford commercial real estate broker that provides a full range of Medford commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Medford commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Medford commercial properties for sale or sale through our Medford commercial real estate brokerage firm.

Chick-fil-A asking approval for restaurant on West Landis Avenue

VINELAND – The Chick-fil-A fast food chain hopes to open a restaurant adjacent to the Bottino’s Shoprite on West Landis Avenue near South Orchard Road, according to a site plan filed with the city.

The Planning Board was scheduled to hold a hearing on the proposal on Wednesday night. However, the city on Tuesday agreed to a company request for a postponement until March to give it time to consider comments city staff have made on the design.

*Article courtesy of The Daily Journal

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 South Jersey 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.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Discount Grocery Store Opens Location in New Jersey

Grocery Outlet Bargain Market has opened its first New Jersey store.

The California-based discount supermarket chain opened in Delran on Dec. 30. It is located at 4004 Route 130.

The company said it is planning to open four more stores on the East Coast by the end of March. Opening dates and exact locations have yet to be announced, but one will be in Hamilton, replacing a shuttered Kmart.

*Article courtesy of NJ.com

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.

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Bucks County shopping center, Wawa-anchored property in South Jersey sell in separate deals

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 lead tenant and is anchored by a separate 116,340-square-foot Home Depot. 

*Article courtesy of Philadelphia Business Journal

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.

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

New York Investment Firm Picks Up South Jersey Shopping Center

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.

*Article courtesy of Costar

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.

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Retail roundup: Turn 7 comes to Moorestown Mall, online vendors head for Cherry Hill

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 PREIT, is preparing for the arrival of two online merchants at its nearby Cherry Hill Mall.

Those stores — Warby Parker and Amazon 4-Star  — are expected to open in the first half of 2022, PREIT said.

Warby Parker, which will be new to South Jersey, markets eyeglasses, sunglasses and contacts.

*Article courtesy of Courier Post

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.

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Electric go-kart track, amusement center approved for inside former Kmart store in Berlin.

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 White Horse Pike, according to the plan approved in a resolution last month.

The amusement center would include 24 electric karts, kids’ electric carts, a track-side café, two party rooms, an arcade, a play zone and a Drivers V.I.P. Club Lounge, according to Monaco E Karting’s application.

Monaco E Karting is owned evenly by Giovanni Visceglia of Old Hickory Court in Mount Laurel and Giovanni Taccardi of Enclave Court in Marlton, according to documents filed with the board.

An ax-throwing component for the center was considered but dropped because of insurance considerations, the application notes.

Board members voted 6-0 in favor of the development at the September meeting, with Mayor Rick Miller and Councilman Andrew Simone abstaining, according to the board’s October 12 resolution. Because the amusement center is not a permitted use in the zone, the board granted Monaco E Karting a use variance and approved its site plans.

The application notes that 1892 Broadway Associates Inc. of Philadelphia owns the property.

Besides adding commercial development to the nearly 21 acres at 328 White Horse Pike, the owner also plans 79 two-story townhouses, with a quarter set aside for affordable housing, according to a 2009 settlement agreement between the property owner and the borough. The townhouse plan was not included with the amusement center proposal.

*Article courtesy of 70and73.com

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.

A South Jersey commercial real estate broker with expertise in commercial real estate listings, Wolf Commercial Real Estate provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for office space, retail space, or industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need – a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey, Philadelphia, and New Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.