NEW JERSEY—A 17,470-sq.-ft. strip center anchored by Dollar General and located at 1025 N. Pearl Street in Bridgeton has changed ownership with the help of CBRE. CBRE represented the seller and procured the buyer in the $1.65 million transaction. It is the fifth Dollar General location that CBRE’s New Jersey private capital group has sold for the seller.
Elli Klapper of the N.Y. investment properties team, and Charles Berger of the N.J. private capital group, handled the assignment, working with Justin Marlowe, of the Philadelphia metro private capital group.
The property was originally built in 1968 and has been recently renovated to include new HVAC units and resealing of the parking lot. Currently 100 percent leased, the property provides 54 parking spaces and sits on 1.14 acres.