NEW JERSEY—A Pennsylvania-based limited partnership has paid $1.7 million to acquire a 33,705-sq.-ft. grocery-anchored center located at 622 North Second Street in Millville, N.J.
Marcus & Millichap Real Estate Investment Services’ Brad Nathanson, senior director in the company’s Philadelphia office, secured the buyer. The seller of the Save-A-Lot Plaza was a New Jersey-based financial institution, which was represented by New Vistas Corp.
Save-A-Lot Plaza is co-anchored by a 17,205-sq.-ft. Save-A-Lot supermarket and an 8,100-sq.-ft. Family Dollar. Other tenants include Little Caesars Pizza and a Chinese restaurant. At the time of sale, the property was 82 percent occupied.