September 4, 2025 – Michael Lombardi and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Centrum Shoppes in Cherry Hill, New Jersey. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $4,970,000.
Centrum Shoppes is located at 219-225 Haddonfield-Berlin Road in Cherry Hill, New Jersey. The Property consists of a fully occupied, sixteen-tenant retail plaza with 25,270 square feet of space on a large 3.77-acre parcel. All of the tenants have rent increases built into their lease terms either in their base term or during their option periods, providing for a steady increase in revenue and a hedge against inflation. The Property has been well maintained with the previous owner investing more than $500,000 in Capital Improvements over the past several years including a new façade, an elegant mansard roof, new parking lot lighting, new signage, and major tenant improvements. The Property is situated along Haddonfield-Berlin Road and Brace Road, less than one mile from Interstate 295 and the New Jersey Turnpike. Centrum Shoppes is on the border of Cherry Hill and Haddonfield, offering convenient access to Haddonfield’s unique downtown area, as well as the extensive commercial options available in Cherry Hill. Bus service is available directly in front of the Property on Haddonfield-Berlin Road, synergizing with the areas densely populated neighborhoods to provide a strong consumer base. Cherry Hill is 8-miles southeast of Philadelphia and is the commercial center of southern New Jersey.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.