Haverford Properties Acquires Retail Property In Delran For $33M

Haverford Properties has acquired the 214,896-square-foot Hartford Corners shopping center in Delran, New Jersey for $33 million. The property, located at 1320 Fairview Boulevard, is anchored by ShopRite and boasts a 95% occupancy rate. Additional tenants include Lowe's, Planet Fitness, Five Below, Virtua Health, Five Guys, and Mattress Firm.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $33,000,000
• Market: Delran
• Address: 1320 Fairview Boulevard
• Square Footage: 214,896
• Price per Square Foot: $154

The buyer, Haverford Properties, was represented by Charles Houder. Principal Asset Management acted as the seller, with Pat Halter representing their interests. The deal was brokered by Jim Galbally, Chris Munley, Colin Behr, James Graf, and Patrick Higgins of JLL. The mortgage broker involved in the transaction was Jim Cadranell from JLL.