Chester Springs Shopping Center in New Jersey Sells for $53.8 Million

ShopRite anchors Chester Springs Shopping Center. ShopRite anchors Chester Springs Shopping Center.

Chester, N.J. — Dividend Capital Diversified Property Fund Inc. has acquired Chester Springs Shopping Center, a 223,000-square-foot grocery-anchored retail center located in Chester, for $53.8 million.

Jose Cruz, Kevin O’Hearn, Steve Simonelli, Andrew Scandalios and Chris Munley of HFF worked on behalf of the seller, Heitman and Ramco-Gershenson Properties Trust, in the transaction.

ShopRite anchors the 95 percent occupied center. Other tenants include Starbucks Coffee, CVS/pharmacy, Burger King, Great Clips, Bagel Café, Subway and Massage Envy. 

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