Wharton Realty Group Acquires Property At 2000 Clements Bridge Rd With JLL Brokers

The property involved in the transaction is a retail power center known as Deptford Landing, located at 2000 Clements Bridge Rd, Deptford, N.J. This center encompasses a total area of 517,096 square feet and is situated on a 67.3-acre site, which experiences significant traffic with over 107,000 vehicles passing daily. At the time of sale, the property was fully leased to various tenants including Designer Shoe Warehouse, Michaels, Five Below, PetSmart, Raymour’s Furniture, The Mattress Factory, Hand & Stone, Carter’s, Five Guys, Great Clips, Chipotle Mexican Grill, and National Vision.

Summary of transation details:

• Property Type: Retail Power Center
• Transaction Amount: Undisclosed
• Address: 2000 Clements Bridge Rd, Deptford, N.J.
• Square Footage: 517,096
• Site Area: 67.3 acres
• Tenants: Designer Shoe Warehouse, Michaels, Five Below, PetSmart, Raymour’s Furniture, The Mattress Factory, Hand & Stone, Carter’s, Five Guys, Great Clips, Chipotle Mexican Grill, National Vision
• Seller's Representatives: Colin Behr-JLL, J.B. Bruno-JLL, James "Jim" Galbally-JLL
• Buyer's Representative: Christopher "Chris" Munley-JLL, Chris Munley-JLL
• Buyer: Wharton Realty Group

Key individuals involved in the transaction include brokers Jose Cruz, Steve Simonelli, J.B. Bruno, Jim Galbally, Colin Behr, and Austin Pierce, all of whom represented the undisclosed seller. The transaction highlights the involvement of New Jersey-based Wharton Realty Group as the buyer of the asset.