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CBRE has successfully arranged the sale of Nassau Park Pavilion, a 760,765-square-foot grocery-anchored shopping center located outside Philadelphia.
The property was acquired by Bridge33 Capital from SITE Centers Corp. The transaction was facilitated by CBRE’s National Retail Partners team, including Chris Munley, Colin Behr, Ryan Sciullo, and Casey Benson Smith, who represented the seller.
“Nassau Park Pavilion presented a unique opportunity to acquire a premier, supermarket-anchored shopping center with both immediate and long-term value-add potential,” said Colin Behr. “Demand for grocery-anchored retail assets remains strong across the Northeast and Mid-Atlantic regions, reinforcing the strategic appeal of this investment.”
The retail center boasts several prominent national tenants such as Target, Home Depot, Five Below, and Floor & Décor. It is anchored by popular grocery retailer Wegmans.
“We were honored to have the opportunity to work on the Nassau Park Pavilion assignment,” added Chris Munley.
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