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.