MAPLE SHADE, NJ—Apex Financial Advisors has acquired a BJ's Wholesale Club located at 131 East Kings Highway in Maple Shade, NJ from SIN Ventures Maple Shade for $15.6 million.
CBRE executive vice president Brad Nathanson represented the seller and obtained the buyer for the 109,841 square-foot free-standing property.
“There was a tremendous demand for the asset given BJ's long tenure at this location coupled with their high volume sales and low rent,” says Nathanson. “The property is well positioned at the signaled corner of Kings Highway and Lenola Road bordering Maple Shade Township and Moorestown, two of the wealthiest towns within southern New Jersey, with little to no wholesale club competition in the immediate area.”
BJ's has been a tenant at this location since 1986, one of the chain's earliest locations, and a top sales performer historically. A 2005 interior remodel included the expansion of the store's liquor operations and added 5,609 square feet for a BJ's Tire Center.
MAPLE SHADE, NJ—Apex Financial Advisors has acquired a
CBRE executive vice president Brad Nathanson represented the seller and obtained the buyer for the 109,841 square-foot free-standing property.
“There was a tremendous demand for the asset given BJ's long tenure at this location coupled with their high volume sales and low rent,” says Nathanson. “The property is well positioned at the signaled corner of Kings Highway and Lenola Road bordering Maple Shade Township and Moorestown, two of the wealthiest towns within southern New Jersey, with little to no wholesale club competition in the immediate area.”
BJ's has been a tenant at this location since 1986, one of the chain's earliest locations, and a top sales performer historically. A 2005 interior remodel included the expansion of the store's liquor operations and added 5,609 square feet for a BJ's Tire Center.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
