IPA Negotiates $18 Million Sale of Shopping Center in Metro Philadelphia

by Julia Sanders

Pennsauken, N.J. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $18 million sale of The Point at Pennsauken, a 109,217-square-foot shopping center in southern New Jersey. Anchored by convenience store Wawa, the property was fully leased at the time of sale. Brad Nathanson of IPA represented the seller, WRDC, in the transaction and procured the buyer, Florida-based Select Properties Inc.

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