Lamar Companies, a full-service, privately held, real estate investment company, is excited to announce that in conjunction with Real Capital Solutions, they have acquired the Village at Cambridge Crossing. This shopping center in Mount Laurel, NJ totals approximately 128,000 square feet of attractive space for a mix of retail categories.
FAIRFIELD, N.J., May 2, 2023 /PRNewswire-PRWeb/ -- Lamar Companies, in conjunction with Real Capital Solutions, is pleased to announce the acquisition of Village at Cambridge Crossing, a shopping center in Mount Laurel, NJ.
The property totals approximately 128,000 square feet and is ideally positioned less than one-half mile from I-295 with excellent frontage along Route 38 and daily traffic counts exceeding 50,000 cars per day.
The coveted center is anchored by LA Fitness with the remaining space comprised of a complementary mix of retail categories including casual dining, beauty, medical, and service based. Highly trafficked tenants include Panchero's Mexican Grill, European Wax Center, AAA Car Care and Ruby Tuesday. Elite Salons & Suites is expected to open later this year. The center can accommodate a range of prospective users including grocery concepts.
"Cambridge Crossing is an ideal value-add acquisition opportunity for Lamar. The quality of the real estate is exceptional, and we feel that our capital improvement plan should further enhance the viability of the lease up opportunities," said Frank Maresca with Lamar Companies.
"We are excited to add this property to our portfolio and build upon the strong momentum that we have developed in the market through our acquisition of Shops at Valley Square in nearby Warrington, PA last year", continued Frank Maresca with Lamar Companies.
If you are a broker or tenant interested in joining an exciting tenant line-up at Village at Cambridge Crossing, please get in touch with Lamar Companies through the contact information listed below. For questions related to the acquisition, please reach out to Frank Maresca.
About Lamar Companies
Lamar Companies is a full-service, privately held, real estate investment company headquartered in Fairfield, New Jersey. Since its founding in 1972, the Company has routinely been ranked in the top 100 largest owners of retail shopping centers in the US according to National Real Estate Investors rankings. Lamar primarily focuses on opportunities created by real estate economic cycles and underperforming assets across the United States and is a principal investor in projects for its own account and in partnership with major institutions. Throughout the years the firm has maintained its entrepreneurial roots as a hands-on operating partner with a deep expertise in retail space, and a unique ability to drive value for its investors.
Frank Maresca, Lamar Companies, 973-867-0612, [email protected]
SOURCE Lamar Companies