Vantage Commercial Represents South Jersey Investment Group in National Grocery Store Lease
Fourth South Jersey Location Secured for Sprouts Farmers Market (West Deptford, NJ)
Vantage Commercial, a prominent name in the commercial real estate sector, is proud to announce the successful facilitation of a long-term lease for Sprouts Farmers Market at the Southwood Shopping Center, situated at 875 Mantua Pike, West Deptford, NJ. The premier natural grocery tenant will occupy a unit formerly held by ALDI. The local investment group will be tearing down the former ALDI unit and delivering a newly built end-cap. In addition, the investment group will deliver a completely remodeled center to transform Southwood Shopping Center into a Class A retail center.
The newly designed end-cap space is projected to encompass a generous 23,252 square feet and will showcase a strong emphasis on innovation and emphasizes the fresh, clean appeal that Sprouts is known for. The tear-down and construction project will run in parallel with the overall remodeling of the shopping center.
Both the ownership group and Sprouts Farmers Market are elated to introduce the Sprouts brand to West Deptford, NJ. This addition promises to delight the local community, catering to the increasing demand for natural grocery stores in the area. Corinne Giletto, Director of Client Services at Vantage Commercial, shared, “The residents in the area have been eagerly anticipating the arrival of an organic grocer for many years.”
Southwood Shopping Center came under the ownership of a South Jersey investment group during the challenging period of the COVID-19 pandemic. Corinne Giletto recognized the untapped potential of the shopping center and orchestrated an off-market deal for the new owners. Located on Route 45 in Gloucester County, the shopping center enjoys high visibility, serving multiple communities across various towns, including West Deptford, Harrison Township (Mullica Hill), Mantua, Pitman, Wenonah, Woodbury, and Deptford. This strategic location played a pivotal role in Sprouts Farmers Market’s decision to invest in this thriving market.
The ownership of Southwood Shopping Center expressed their enthusiasm about introducing a first-class grocer to the community. “We look forward to collaborating with West Deptford, Sprouts, and the local community to revitalize this landmark, which stands as one of the longest-standing retail centers in the area.”