Saturday, October 10, 2015

HFF closes $7.8 million sale of southern New Jersey retail center

Willingboro Town Center South, Willingboro, NJ

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 CafĂ©, 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.

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 |

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