A retail strip center in Somerdale has been sold, according to real estate firm Vantage Commercial.
The Cherry Hill-based firm said in a news release that Columbia Centre, 700 S. White Horse Pike, was sold to one of its tenants, KJL Properties LLC.
Earlier this year, Vantage had facilitated the lease of the last remaining vacancy in the 6,500-square-foot center, an end-cap unit, to Kenney Law, which joined retail tenants Fast Track and Golden Nails.
Aran Ploshansky, director of operations, and Monica Walsh, director of client services, represented the seller, Michael Sherman, in the transaction. Financial terms were not disclosed.
“It is always a good feeling to be able to deliver for your seller, and, in this situation, it was an absolute pleasure,” Walsh said in a prepared statement. “Aran and I reviewed many promising offers for this shopping center — in the end, we aided our client in coming to a solution that was the right fit.”