Center represents secure investment for Northern NJ buyer
Mt. Laurel, NJ – March 27, 2008 – Metro Commercial, the region’s largest full-service retail real estate firm, announced today the sale of Heritage Square Shopping Center in South Brunswick, NJ.
Heritage Square is a 247,000-square-foot center located at the intersection of Route 1 and Stouts Lane. The center, which was sold by Pineville Brunswick Development Associates LP, includes Target, Best Buy, Stapes, and PetSmart as its anchors.
Metro Commercial’s Paul Rumley and Kurt Rumley represented Pineville Brunswick Development Associates in the transaction. The buyer is based in Northern NJ.
“The property was a very secure investment opportunity that matched the buyer’s investment criteria,” says Paul Rumley. “It is positioned for future success as it is situated in an area that is experiencing rapid commercial and residential growth.” Area demographics include a population of 175,972 within seven miles earning $89,905 as the average household income.
Based out of Metro Commercial’s Mt. Laurel, NJ office, Paul and Kurt specialize in selling shopping centers throughout PA, NJ, and DE.
Media Contact:
Metro Commercial Real Estate
Michael Reisman
610-260-2671
mreisman (at) metrocommercial (dot) com
Metro Commercial (www.metrocommercial.com) is one of the largest full-service retail real estate firms in the region with transaction considerations exceeding $1.1 billion. Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, investment property sales and construction services. With 3 offices located in Pennsylvania and New Jersey, Metro Commercial currently represents nearly 50 national retailers and serves as the exclusive leasing agent for more than 200 properties, totaling nearly 20 million square feet.
