CBRE Represents Retail Property Sale Of $14.72M Across Voorhees NJ And Wyomissing PA

Three retail properties in South Jersey and Philadelphia were sold for a combined price of $14,720,000. The properties include a Wawa-occupied location in Wyomissing, PA, which sold for $7.37 million, and two retail strip centers in Voorhees, NJ, sold for a total of $7.35 million. The overall square footage of the properties is 21,942 with a price per square foot of $671.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,720,000
• Address: 156 Route 73 & 801 Hill Avenue
• Market: Voorhees, NJ & Wyomissing, PA
• Sale Date: 01/24/2025
• Square Footage: 21,942
• Price Per Square Foot: $671

CBRE’s investment sales team, led by Matthew Gorman, facilitated the transactions. The team represented both private buyers and sellers throughout the sales process, highlighting the collaborative effort involved in securing these retail properties.