EDGEWATER PARK, NJ—Nassimi Realty says it will be sprucing up its latest South Jersey acquisition, Edgewater Park Plaza, a 115,000-square-foot shopping center in Edgewater Park, NJ near Philadelphia, which the firm just purchased. Terms of the sale were not disclosed.
"We are pleased to add a fifth center in the Philadelphia market,” says Nassimi Realty's president, Mike Nassimi. “We are planning a major redevelopment of the Edgewater Park Plaza site including the former Pathmark space. Our company continues to look at acquiring properties in the northeast, especially in the greater New York and Philadelphia corridors."
Edgewater Park Plaza, 2110 Route 130, is at the intersection with Woodlane Road. Current tenants in the center include Big Lots, Dunkin Donuts and a Getty gas station.
Nassimi Realty acquired the center from A&P, which until recently operated a Pathmark store at the location. Winbrook Management represented Nassimi Realty in the purchase. Metro Commercial Real Estate represented the seller.
In the greater Philadelphia market, Nassimi Realty also owns the 600,000-square-foot Cedarbrook Plaza power center in Wyncote, PA; the 70,000-square-foot Airport Plaza adjacent to Chester County Airport; the 115,000-square-foot Weis Plaza in Kutztown, PA and a 300,000-square-foot retail center currently under development next to Trenton-Mercer Airport in Ewing, NJ.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
