CBRE Arranges $14.1 Million Acquisition Financing for Towne Square Shopping Center in Metro Philadelphia

Towne Square Shopping Center in Mount Laurel, New Jersey, was 94 percent leased at the time of sale to tenants including ShopRite. Towne Square Shopping Center in Mount Laurel, New Jersey, was 94 percent leased at the time of sale to tenants including ShopRite.

Mount Laurel, N.J. — CBRE has arranged a $14.1 million acquisition loan for Towne Square Shopping Center, an 88,265-square-foot shopping center in Mount Laurel, a New Jersey suburb of Philadelphia.

At the time of sale, the property was 94 percent leased to tenants including ShopRite. Brad Nathanson, Adam Rosenzweig and John Colussi of CBRE represented the seller, The Hampshire Cos., and identified the buyer, The Westover Cos., in the transaction. CBRE’s Thomas Gorman secured financing on behalf of the buyer.

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