BURLINGTON, NJ-Brokerage firm Newmark Associates Inc. of Hanover Township, reports it has exclusively brokered the sale of the former Macy's store at the Burlington Center Mall here.
The Newmark announcement states that Burlington NJ LLC, a real estate investment division of Las Vegas-based Moonbeam Capital Investments LLC, purchased the 184,000-square-foot property at 2501 Mount Holly Road, according to NJBiz.com. No purchase price was disclosed.
Moonbeam Capital Investments, owner of the Burlington Center Mall, Diamond REI and J.S. Hovnanian & Sons, recently announced a joint venture to redevelop the Burlington Center Mall and adjacent property. The project will consist of more than 150 acres of prime land development and 1.5 million square feet of retail space.
Newmark Associates' David Bieber, Esq. and Craig Levitan represented the seller and the buyer in the sales transaction. See story at NJBiz.com.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
