MEDFORD, NJ-If dealmaking activity in recent days is any sign, the retail sector should continue its solid pace in the months ahead. And South Jersey is getting its share of that activity.

In a sale transaction, the 50,000-sf Ironstone Village Center at 560 Stokes Rd. here has changed hands for $7.6 million, or approximately $152 per share. The deal was brokered for both buyer and seller, identified only as “private investors,” by sales associate Don Baxter of the Kislak Co., Woodbridge. The buyer was described as a “long-time client,” the seller a new one.

“This was an excellent investment,” Baxter says. “Medford is considered one of the top suburbs of the Philadelphia area, with outstanding demographics. The buyer plans to upgrade the property and may potentially develop the adjacent land.”

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