Katz Properties Acquires New Jersey Shopping Center for $10.3 Million

Sicklerville, N.J. – Gloucester Town Center is anchored by a 57,560-square-foot Acme supermarket and features a new 9,700-square-foot Dollar Tree, as well as Columbia Bank and STS Tire.

Brad Nathanson, executive vice president of CBRE Philadelphia, represented both the buyer and seller in the sale of Gloucester Town Center in Sicklerville, N.J., for $10.3 million.Sicklerville, N.J. – Katz Properties has acquired Gloucester Town Center in Sicklerville for $10.3 million. The 107,220-square-foot supermarket-anchored shopping center, built in 2003, is situated on 21.5 acres in Sicklerville, part of the greater Philadelphia metro area. Gloucester Town Center is anchored by a 57,560-square-foot Acme supermarket and features a new 9,700-square-foot Dollar Tree, as well as Columbia Bank and STS Tire, both in freestanding buildings on the property. Other tenants include Hallmark, Slim Chicks Fitness, Marco’s Pizza, Brite Cleaners, Nail Tech and PostNet. Brad Nathanson, executive vice president of CBRE Philadelphia, represented both the buyer and seller in the transaction. Winslow Property Management will provide leasing and property management services.

   Scott Reid

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