KPR Centers Acquires Eagle Plaza Retail Shopping Center In Voorhees For $41.7M

KPR Centers acquired Eagle Plaza, a grocery-anchored shopping center located at 700 Haddonfield-Berlin Road in Voorhees, NJ. The property spans 25 acres and comprises 230,000 square feet of retail space, with a sale price of $41.7 million, equivalent to $181 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $41,700,000
• Address: 700 Haddonfield-Berlin Road
• Market: Voorhees
• Acres: 25
• Square Footage: 230,000
• Price per Square Foot: $181
• Buyer: Daniel Katz, Eric Wolf & Andrew Frank - KPR Centers
• Brokers: Brad Nathanson & JP Colussi - Institutional Property Advisors

KPR Centers, represented by Daniel Katz, Eric Wolf, and Andrew Frank, successfully closed the transaction with the assistance of brokers Brad Nathanson and JP Colussi from Institutional Property Advisors. The shopping center is anchored by Acme Markets and includes nearly 40 retailers, presenting various value-add opportunities through leasing, re-tenanting, and outparcel development.