Cherry Hill, Evesham/Marlton, Medford, Medford Lakes, Moorestown, Mount Laurel, Voorhees and elsewhere near the iconic state highways of Routes 70 and 73.
Eagle Plaza on Haddonfield-Berlin Road in Voorhees recently was acquired for $41.7 million by KPR Centers, a retail real estate development and investment group based in New York City.
The purchase comes just over two years after First National Realty Partners bought the property for $29 million in May 2022, according to Camden County property records.
Acme Markets is a major tenant of the 700 Haddonfield-Berlin Road shopping center, across from the Golf Land pitch and putt venue.
In its news release on Friday announcing the purchase, KPR suggested further building at the center.
"Part of the allure of acquiring Eagle Plaza was the presence of multiple opportunities to increase the asset's value. This includes the potential development of an outparcel contained on the site, leasing the center to full occupancy and executing some re-tenanting," according to the announcement.
Eric Wolf, managing director of KPR Centers, said in a statement: "With a cumulative vacancy rate of less than 5% nationally in the retail sector, few new shopping centers coming out of the ground, and economic sentiment on the upswing nationally, we believe that fundamentals are ideal to acquire well-leased and strategically-positioned retail assets.”
