220,000-SF Retail Portfolio Sells for $9M

CAMDEN COUNTY, NJ-Grocery wholesaler/retailer SuperValue has sold a portfolio of five retail properties, all in this South Jersey county, to unidentified private investors and locally based partnerships. Aggregate value of the sell-off was “more than $9 million” for a total of 220,000 sf of assets, according to Kevin McClernon, a CB Richard Ellis first vice president.

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.