The 128,172-square-foot retail center is located in Philadelphia suburb of Mount Laurel, NJ on Route 38 West and is anchored by Aldi, Planet Fitness and Dollar Tree.
These funds include foreign capital, which is targeting mainly office and industrial assets, says VEREIT’s Dan Lovitz.
In the firm’s fourth quarter 2019 report on the Southern New Jersey and Southeastern Pennsylvania markets, WCRE states that although leasing activity was down overall, vacancy rates remained low and gross leasing absorption was positive.
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