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Sign in Sign up for a FREE subscriptionIrgang Group buys most-visited open-air retail center in Southern New Jersey market
In its second retail property acquisition this year, Irgang Group has purchased Union Lake Crossing, 393,000-square-foot power center serving the greater Millville-Vineland market in southern New Jersey.
The financial terms were not disclosed; however, the seller was Goodman Properties. Built in 2006, Union Lake Crossing is shadow-anchored by Target, and houses a tenant mix led by a recently expanded and remodeled Shop-Rite supermarket, Kohl's, Ross Dress For Less, Staples and PetSmart. Other notable tenants include Famous Footwear, Party City, Five Below, Buffalo Wild Wings, Moe's Southwest Grill and Sonic.
"Between its strategic location, dominant anchors and solid mix of sub-anchors and smaller tenants, Union Lake Crossing ranks as the most-visited open-air retail center within a 15-mile radius, drawing 4.1 million shoppers over the last 12 months," said Mark Irgang, CEO of Irgang Group.
The property draws from a primary market that includes 94,062 people in
