Marlton, NJ — Leor Hemo, president and CEO of Vantage Real Estate Services - Vantage Commercial, facilitated the off-market sale of Plaza 73, a neighborhood shopping center located on Rte. 73 in Marlton.
Hemo added, “We are pleased to have facilitated the off-market sale of Plaza 73, ensuring that both the seller’s investment goals were met, and that the buyer has secured a long-term investment property that aligns perfectly with them. Plaza 73 is a significant asset, and we are excited to continue our involvement in the property.”
Vantage Commercial will retain the leasing responsibilities for Plaza 73, and Vantage Property Managers will continue to handle property management. The shopping center hosts notable tenants, including the Marine Corp Recruiting Center, several restaurants, and Scrub Pro Shop.
Vantage Commercial, based in Cherry Hill, New Jersey, is pleased to announce the successful off-market sale of Holly Bush Carwash and Laundry, a well-known and long-standing business located at 133 E High Street, Glassboro, New Jersey. The transaction was facilitated by Ken Richardson, Vice President and Partner at Vantage Commercial, who represented both the buyer and the seller in this significant deal.
Ken Richardson, a licensed commercial broker in New Jersey and Pennsylvania, also leads the business brokerage division for Vantage Real Estate Services. His extensive experience in the local market, mergers and acquisitions, and deep understanding of the industry were instrumental in ensuring a smooth and mutually beneficial transaction for both parties.
Following the sale, the new ownership plans to make extensive investments and modernize the property, with an expected completion date of January 2025. Holly Bush Carwash and Laundry, a staple in the Glassboro and Rowan University community, will continue to serve the area under new ownership, further contributing to the town’s economic growth.
“We are thrilled to have played a key role in the transition of ownership for Holly Bush Carwash and Laundry,” said Ken Richardson. “This sale underscores Vantage Real Estate Services commitment to providing unparalleled service and achieving the best outcomes for our clients.”
The sale of Holly Bush Carwash and Laundry marks another successful transaction for Vantage Real Estate Services – Vantage Commercial, reinforcing its position as a leading commercial real estate firm in the region.