Bergman Real Estate Group & Capstone Realty Group USA Acquire Barclay Farms Shopping Center, Cherry Hill For $16.1M

The Barclay Farms Shopping Center in Cherry Hill has been sold for $16.1 million. The retail property, located at 1401 Marlton Pike, spans over 13 acres and comprises 87,750 square feet of space. The center is situated in the Cherry Hill market and is known for housing various businesses, including Planet Fitness and Dollar Tree.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $16,100,000
• Address: 1401 Marlton Pike
• Market: Cherry Hill
• Acres: 13

Bergman Real Estate Group, represented by Michael Bergman and Brian Rand, along with Capstone Realty Group USA, represented by Brad Gillman and Rob Friedberg, acquired the Barclay Farms Shopping Center. The buyer's representative in the deal was Steven Fleissig from Greenberg Traurig LLP, while Jerome Kranzel from CBRE acted as the seller's representative on behalf of Kaiserman Co. Inc, headed by Max Kaiserman.

Following the purchase, the new owners plan to renovate the shopping center and potentially expand it. They also intend to introduce retail and medical offices to enhance the existing businesses within the center, bringing a new dynamic to the area. Notable businesses already present in the center include Planet Fitness and Dollar Tree.