Vantage RES announces sale of Gateway Plaza in West Deptford, NJ
Vantage Real Estate Services is pleased to announce the sale of Gateway Plaza located at 1000 Gateway Blvd, West Deptford, New Jersey. The property consists of multiple tenants, totaling 20,496 SF of retail space.
Aran Ploshansky, Sales Associate at Vantage RES, identified the opportunity and subsequently matched the buyer, A&A Gateway LLC, and sellers, 1000 Gateway Plaza LLC. By using an aggressive, grassroots approach, the commercial brokerage firm was able to negotiate mutually beneficial terms among the parties, and coordinate the successful sale.
The retail center consists of existing tenants (Family Dollar, Iacofano Catering, and Rhythm & Dance Studio) and one vacant and available unit. The shopping center is located on a heavily trafficked section of Gateway Boulevard, adjacent to Pellegrino Chevrolet. The property’s high visibility location is within close proximity to Interstate 295. The retail center offers great flexibility with many possible applications for tenants.
Vantage RES is highly experienced in and successful with commercial real estate investment sales. In recent months, Vantage has listed and/or sold multiple shopping centers/office complexes in South Jersey.
Recent investment sales include:
- Sunset Shopping Center in Burlington, a 34,000 SF retail center
- One and Two Greentree Centres in Marlton, two class A office buildings totaling 112,072 SF
- 411 Route 70 East in Cherry Hill, a 10,000 SF mid-rise office building
Recent investment listings include:
20 East Taunton Road in Berlin, a 33,000 SF office complex consisting of four buildings, with 87% occupancy. After aggressive marketing and canvassing for buyers, multiple offers are currently being considered by the sellers.
“Our team, at Vantage RES, has the tenacity, versatility, and experience to tackle tough projects and help our clients achieve their goals,” said Hemo. “Investment sales are an integral part of our business. We have the capabilities to handle complex and challenging transactions. This sale (of Gateway Plaza) was a challenging project, but we achieved the results we were hired for”.