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| Willingboro Town Center South, Willingboro, NJ |
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| Jose Cruz |
PHILADELPHIA, PA -- Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $7.8 million sale of Willingboro Town Center South, a
29,246-square-foot retail shopping center near the New Jersey-Pennsylvania
border in southern New Jersey.
HFF marketed the property
on behalf of the seller, Delco Development, LLC. Circle F Capital purchased the asset free and
clear of existing debt.
Willingboro Town Center
South consists of one main multi-tenant building and two single-tenant
pads. The 93.7-percent-leased center is
home to Ruby Tuesday, Rita’s, Bagel Café, Credit Union of New Jersey, Verizon,
GNC, Subway, Hardee’s, Panda Garden, Hair Cuttery, Nail Splash and The Laundry
Experience.
Situated on 4.01 acres at 4364 Route 130,
Willingboro Town Center South is within a three-mile retail trade center in
Willingboro, a community 19 miles northeast of Philadelphia, Pennsylvania, and
22 miles southwest of Trenton, New Jersey.
The center is located on Burlington Pike (Route
130), a major north-south thoroughfare that runs 84 miles along New Jersey’s
western boundary and serves approximately 40,822 vehicles per day.
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| Chris Munley |
The HFF investment sales
team was led by managing director Chris
Munley and senior managing director Jose
Cruz.
“Willingboro Town Center
South represented an opportunity to acquire a prominent retail center, securely
leased to a majority of credit tenants in an infill market of southern New
Jersey,” Munley said.
“Greater Philadelphia
has maintained strong fundamentals, and continues to garner investment interest
from new, out of market capital. This
sale was no different, and we anticipate the trend to continue.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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