Prestige Properties Acquires Shopping Center in Mount Laurel, New Jersey, for $130M

MOUNT LAUREL, N.J. — Prestige Properties has purchased Centerton Square, a shopping center located at 2 Centerton Road in Mount Laurel. Black Creek Diversified Property Fund sold the property for $130 million. A 426,436-square-foot Wegman’s grocery store anchors the more than 700,000-square-foot regional shopping center. At the time of sale, the property was fully leased to a variety of tenants, including DSW Shoes, TJ Maxx, Bed Bath & Beyond and Burlington, which is slated to open soon.

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