McClernon, along with vice presidents Patrick J. McCabe and George P. Schmitt of CBRE's Delaware Valley retail brokerage practice, arranged the separate deals as sole agents for all of the sale agreements. No further financial details were disclosed.
The properties involved, according to McClernon, were Blackwood Shopping Center, a 50,000-sf asset in Blackwood; Atco Plaza, a 50,000-sf shopping center in Atco; and Plaza 70 in Cherry Hill. Also sold were the freestanding 30,000-sf Bottino's Supermarket in Washington Twp.; and the Price Slashers building in Pitman.
"Each property presented unique challenges to structuring and concluding a sale," according to McClernon. "The buyers were private investors, specific users and those seeking 1031 tax-deferred exchanges."
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