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MLG Realty Buys Chews Landing Shopping Center

Property in Blackwood, NJ, Trades for $2.4 Million
August 8, 2008
MLG Realty LLC purchased the Chews Landing Shopping Center at 2 Somerdale Road in Blackwood, NJ, from Hua Mei Inc. for $2.4 million, or approximately $169 per square foot.

The 14,200-square-foot center sits on about 6.2 acres and features tenants including Wa-Wa Food Markets, MS Dry Cleaners, Mandarine Chinese Restaurant and Pizza Point Restaurant. It was more than 77 percent leased at the time of sale.

Mike Strauss of Robson & Goldberg Real Estate represented both parties in the transaction.

For more information, please see CoStar COMPS #1554140.

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