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ATLANTA-Eatontown, NJ-based Wharton Acquisition LLC has acquired the 99,372-sf Kroger Citi-Center at 590 Cascade Ave. for $9.2 million. The seller of the property was locally based Cascade Citi-Center LLC.

Built in 1973, the property was redeveloped 10 years ago. The property was 100% occupied at the time of the sale with Kroger as the anchor tenant. Other tenants include Hollywood Video, Tenet Healthcare and Cato. The property has a 98% credit tenancy and was delivered free of debt. Space rents for $15 to $23 per sf.

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