CHERRY HILL, NJ — A Cherry Hill shopping center — the site of a once-proposed Super Wawa that sparked community opposition — has been purchased. And the new owners have touted its potential for expansion and new development.
Barclay Farms Shopping Center has sold for $16.1 million to two real estate firms — Bergman Real Estate Group and Capstone Realty Group USA.
Located at 1401 Marlton Pike, the 87,750-square-foot shopping center includes Planet Fitness, Dollar Tree and several restaurants and retail establishments. Bergman and Capstone “plan to create added value through capital improvements” such as facade upgrades, new monument signage, lighting modifications, new landscaping, and parking lot and sidewalk work, according to their joint announcement.
The fate of that parcel remains uncertain. But the buyers’ joint announcement mentions a 45,000-square-foot parcel that’s “ready for development.”
“We have a lot of flexibility to expand the center and accommodate additional retail and high-end medical office requirements,” Capstone Managing Partner Rob Friedberg said in a news release. “The development could accommodate a boutique supermarket or grocer, a discount wine or liquor center, and multiple freestanding pad sites.”
A plan to build a Super Wawa at the shopping center sparked an 18-month battle amid strong opposition from neighbors. Hortense Associates LP, which owned the shopping center at the time, withdrew its application last December….