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Real Estate Journal — New Jersey — April 15 - 28, 2016 —7B


M id A tlantic

An affiliate of RW Capital Partners, Inc. purchased the asset HFF closes $32.1m sale of a 163,629 s/f grocery- anchored retail center near the Jersey shore C

APE MAY COURT HOUSE, NJ — Holli- day Fenoglio Fowler, L.P. (HFF) announced that it has closed the $32.1 million sale of The Plaza at Cape May Court House, a 163,629 s/f, grocery-anchored retail cen- ter in the coastal community of Cape May Court House. HFFmarketed the property on behalf of the seller, Poli- meni International, LLC . An affiliate of RW Capital Partners, Inc. purchased the asset free and clear of existing debt. The Plaza at Cape May Court House is located at 11 Court House South Dennis Rd. in Cape May, one of the most visited tourist destina- tions on the East Coast with more than 12.5 million visi- tors annually. Positioned off of Route 9, the gateway to the Jersey shore, the center is at the termination of Stone Harbor Blvd., one of the main thoroughfares to the Stone Harbor and Avalon shore des- tinations. The Plaza at Cape May Court House is 97.6%

The HFF team represent- ing the seller was led by managing director Chris Munley and supported by se- nior managing director Jose Cruz and managing director Kevin O’Hearn . “The Plaza at Cape May Court House is the dominant grocery-anchored retail cen- ter within the sub-market,” Munley said. “The asset is an- chored by a high-performing ACME and offers additional upside opportunities in con- junction with a currently strong occupancy rate.” “Retail continues to remain high on investors list of pre- ferred product types with grocery-anchored centers taking the top spot for insti- tutions and private buyers alike,” Cruz said. “The Plaza at Cape May Court House acquisition of- fers RW Capital Partners, Inc. the opportunity to rede- velop and reposition a core asset in a desirable mar- ket,” said Robert Whalen, Jr. , RW Partners managing partner. n

The Plaza at Cape May Court House (ACME), Marshalls, Staples, CVS Pharmacy, Pier 1 Im- ports, Alfredo’s Pizza, Chop-

leased to a variety of na- tional and regional tenants, including ACME Markets

sticks Restaurants, Melini Hair Care, GNC and Payless ShoeSource.

Kronfeld of NAI Mertz receives SIOR designation MT. LAUREL, NJ — NAI Mertz , a leading full-ser- vice commercial real estate

Wisnoski of Equity Retail brokers  purchase of a leasehold interest

“We congratulate Julie on receiving the SIOR designa- tion,” said Barry Mertz, SIOR , CEO of NAI Mertz. “This accolade recognizes ex- perts in our industry that are committed to achieving pro- fessional excellence through a high degree of education, training and success. Julie always demonstrates profes- sionalism with her clients and colleagues, and we look forward to her continued success as a part of the NAI Mertz team,” he added. NAI Mertz has eight profes- sionals on its team that hold the SIOR designation—the most of any commercial real estate firm in the region. In addition, NAI Mertz vice presidents, Rebecca Ting and Roy Kardon serve on the SIOR NJ Chapter’s 2016 board of officers as president and secretary, respectively. Kronfeld is a licensed real estate sales associate in New Jersey, Pennsylvania and

Florida. She specializes in commercial office sales and leasing with an emphasis on representation in southern New Jersey. She also has extensive experience with land sales and development, distressed asset stabilization, dispositions and subleasing. She has completed deals for some of the northeast’s pre- eminent real estate ownership groups including Mack-Cali , Keystone Property Group , Equus Capital Partners , Woodmont Properties , and Kaiserman Company. With 3,000 members in more than 630 cities in 34 countries, SIOR represents today’s most knowledgeable, experienced, and success- ful commercial real estate brokerage specialists. Real estate professionals who have earned the SIOR designation are recognized as the most capable and experienced bro- kerage practitioners in any market. n

firm serving s o u t h e r n New Jersey and greater P h i l a d e l - p h i a , a n - nounced that sales associ- at e , Jul i e Kronfe ld ,

Julie Kronfeld

has earned SIOR designation from the Society of Indus- trial and Office Realtors , the leading professional com- mercial and industrial real estate association. The pres- tigious SIOR designation is a professional symbol of the highest level of knowledge, production and ethics in the real estate industry. Kronfeld joins the ranks of only three other female commercial real estate pro- fessionals that hold the SIOR designation in the state of New Jersey.

in Rio Grande, NJ. Grande Center is the premier re- tail location in Cape May County and is anchored by a Walmart Supercenter, Lowe’s, Famous Footwear, Ross Stores, Bed Bath and Beyond and Starbucks. DELCO Development , the owner of Grande Center, acquired the leasehold inter- est and plans to re-tenant the space. n

RIO GRANDE, NJ — GeorgeWisnoski of Equity Retail Brokers recently represented Wakefern Food Corporation in the sale of their leasehold interest in a 55,000 s/f former Stop & Shop Supermarket in Cape May County. The space is located in Grande Center, a shopping center wrapping the intersec- tion of Route 47 and Route 9

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