REAL ESTATE FIRM BUYS $19M SHOPPING CENTER IN N.J.

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MOUNT LAUREL, N.J. — Marcus & Millichap has arranged the $19 million sale of Town Square Shopping Center, an 88,380-square-foot center in Mount Laurel, located 16 miles east of Philadelphia. The center is anchored by a 64,225-square-foot ShopRite supermarket. Built in 1996, Town Square is located at 829 Union Mill Rd. Brad Nathanson of the Philadelphia office of Marcus & Millichap represented the seller, a New Jersey-based private developer, in the deal. He also represented the buyer, a New Jersey real estate firm.

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