September 4, 2025 – Michael Lombardi and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Plaza 500 in Haddon Heights, New Jersey. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,570,000.
Plaza 500 is located at 503-525 Black Horse Pike in Haddon Heights, New Jersey. The Property consists of a fully occupied, nine-tenant retail plaza with 9,200 square feet of space on a 0.72-acre corner parcel. Many of the tenants have attractive annual rental increases built into their leases throughout the remainder of their terms, providing for a steady increase in revenue and a hedge against inflation. The Property has been well maintained as the previous owner completed numerous capital expenditures including a brand-new roof with warranty, a newly paved a striped parking lot, and upgrades to the stores with extensive tenant buildouts and renovations. The Property is strategically located along Black Horse Pike and features excellent accessibility with six points of access and great frontage along Black Horse Pike, one of the area’s primary commercial corridors, featuring an extensive array of national tenants and major shopping centers that drive traffic and consumers to the area. The location is convenient to major highways, including Interstates 295 and 76, offering transportation throughout New Jersey and the Philadelphia metro. Haddon Heights is 10-miles southeast of Philadelphia and offers easy access to the city.
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.