One of Camden County’s most established retail hubs is officially up for grabs. Jones Lang LaSalle Americas, Inc. (JLL) has been exclusively retained to arrange the sale of CooperTowne Center, a sprawling 165,000-square-foot neighborhood retail destination located at 711 E. Evesham Road in Somerdale.
The property, which sits on over 27 acres, boasts an impressive 96% occupancy rate and is shadow-anchored by a top-tier Walmart Supercenter. According to recent data from Placer.ai, the adjacent Walmart is a massive foot-traffic driver, ranking in the top 40% of all Walmarts nationwide with approximately 2.3 million annual visits.
CooperTowne Center has evolved from a traditional shopping center into a modern “experiential” destination. Key national tenants include Cinemark (a fixture at the site since 1994), Planet Fitness, Dollar General and the recently opened Nova Trampoline Park.
Investors are likely to be drawn to the property’s exceptional stability:
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Tenant longevity: The average tenant has been at the center for over 13 years.
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Lease security: The Weighted Average Lease Term (WALT) stands at a robust 8 years.
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National presence: 93% of the tenant mix consists of recognized national brands.
“CooperTowne Center presents a rare opportunity to acquire a high-performing asset in a demographic ‘sweet spot’ of New Jersey,” the marketing team noted.
The center’s success is fueled by the affluent Somerdale community. Within a three-mile radius, the average household income is a staggering $138,306—roughly 35% higher than the New Jersey state average. Furthermore, the area boasts a 70% homeownership rate, signaling a stable, economically resilient consumer base with high disposable income.
Logistically, the site is a commuter’s dream, located within one mile of the NJ Turnpike/I-95 and surrounded by four county roads that see over 134,000 vehicles per day.
The sale is being managed by JLL’s Capital Markets team led by Jose Cruz, senior managing director; J.B. Bruno, senior director; Kevin O’Hearn, senior managing director; James Galbally, senior managing director; Patrick Higgins, director and Bennet Pittel, analyst.
Senior Director Max Custer and Director Ryan Carroll are in charge of the Debt & Financing Consultation and David Townes and Alana Friedman are handling the leasing.
