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Sprouts Farmers Market To Open In Southwood Shopping Center, West Deptford

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LEASED

New Jersey

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Retail23,252 SF
Leased
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LEASED

Sprouts Farmers Market To Open In Southwood Shopping Center, West Deptford

875 Mantua Pike

See Similar Deals
Retail23,252 SF
Leased
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:23252 SF
Transaction Type:Lease

A former ALDI unit in West Deptford's Southwood Shopping Center is set to be transformed into a Class A retail mall, with Sprouts Farmers Market taking its place. Located at 875 Mantua Pike, the retail space spans 23,252 square feet, providing ample room for Sprouts Farmers Market to showcase its offerings.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 875 Mantua Pike
  • Market: West Deptford
  • Square Footage: 23,252

Sprouts Farmers Market, a renowned grocery store chain, will occupy the former ALDI unit in the Southwood Shopping Center. The company offers a wide range of fresh produce, organic foods, and other healthy grocery options. With this new addition, West Deptford residents will have access to a diverse selection of quality products. The deal was facilitated by Jack Sinclair, Sprout Farmers Market's representative, and Corinne Giletto, the broker from Vantage Commercial.

Players

Corinne Giletto
1 deal
BROKER

TENANT

Details

LEASED
IMAGE: Jack Sinclair & Corinne Giletto DATE: 11/01/2023 ADDRESS: 875 Mantua Pike MARKET: West Deptford ASSET TYPE: Retail ~ SF: 23,252 TENANT: Sprouts Farmers Market (@Sprouts) - Jack Sinclair BROKER: Corinne Giletto (@CorinneGiletto) - Vantage Commercial (@VantageCommercial) NOTE: Sprouts Farmers Market is coming to West Deptford's Southwood Shopping Center, replacing a former ALDI unit as part of a renovation project to transform the shopping center into a Class A retail mall.

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Deal Type
Effective Rent (Annual)

$1,332,790.61

Total Lease Value

$13,327,906.09

Net Landlord Cash Flow$1,332,790.61