Marcus & Millichap brokered the sale of the 96,608-square-foot Mount Olive Parkade shopping center in Mt. Olive, N.J.
The value of the transaction was $19 million.
Mount Olive Parkade is located at 7 Naughright Road/Route 46. A&P Grocery anchors the center. Dollar Tree, Rockaway Bedding and Burger King occupy space in the center. The Parkade was constructed in 1999 on approximately 32 acres.
A Manchester, Conn.-based investment group sold the property to Oster Realty Corp.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
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