Plymouth Meeting, PA, February 1, 2019 – David DeRienzo of Equity Retail Brokers is pleased to announce the sale of Edgewater Park Plaza in Burlington County, NJ. The 120,000 square foot shopping center is located along the busy Route 130 corridor in Edgewater Park, New Jersey, a suburb of Philadelphia.
The shopping center was largely vacant and was offered as a value-add opportunity. DeRienzo had the privilege to represent the seller.
Equity Retail Brokers procured the buyer for the property through extensive marketing efforts that generated a significant amount of interest in the property.
According to DeRienzo “shopping centers with big-box vacancy present unique challenges from both a leasing and investment sales perspective. The shifting retail paradigm has created opportunities for buyers that are willing to invest capital, time and energy to reposition these shopping-center assets. Expect more opportunities as vacancies from retailers such as K-mart and Sears persist.”
- Multiple Offers Received
- All Cash
- 30 Day Due-Diligence Period
- 30 Day Closing Period
If you would like more information about this transaction or are interested in selling or looking to acquire other retail assets, please contact David DeRienzo at 484-417-2214 or email firstname.lastname@example.org.