Thursday, September 25, 2014

Vornado Sells Bordentown Shopping Center for $9.8M

Vornado Realty Trust sold the Bordentown Shopping Center at 622 US Hwy 206 in Bordentown, NJ to Saker ShopRites, Inc. for $9.75 million, or about $55 per square foot.

The 178,678-square-foot community center was built in 1957 on 34.7 acres in the South Burlington County submarket of Philadelpia. Anchored by a 57,472-square-foot ShopRite, the center was 63 percent vacant at the time of sale.

www.omegare.com

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