Savers Leases 25,056 SF At The Plaza At Cherry Hill Increasing Occupancy To 82%

Savers, a thrift store, has leased 25,056 square feet at The Plaza at Cherry Hill in New Jersey, increasing the shopping center's occupancy from 71% to 82%. The property, located at 2100 Route 38 in Cherry Hill, is owned by Urban Edge Properties. The lease was facilitated by Savers' representative, Stephen Carrozza from Metro Commercial Real Estate, while Urban Edge Properties was represented by its representatives, Rob Cooper and Shane Hart from Metro Commercial Real Estate, and Spence Mehl from RCS Real Estate Advisors. The asking rent for the leased space is $22.50 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: N/A
• Address: 2100 Route 38, Cherry Hill
• Market: Cherry Hill

Urban Edge Properties, the landlord, hopes that Savers' lease will attract other tenants to fill the remaining vacant space at The Plaza at Cherry Hill. The company is considering upgrades to the shopping center in order to attract more businesses.