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Institutional Property Advisors Sells New Jersey Shopping Center Anchored by LA Fitness

February 03, 2023
MARLTON, N.J., Feb. 3, 2023 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of The View at Marlton, a 98% occupied, 91,000-square-foot shopping center in Marlton, New Jersey. The property sold for $36.5 million, or $400 per square foot, subject to an existing loan assumption.

“Anchored by the area’s most popular LA Fitness, which is subject to a long-term lease, The View at Marlton is the dominant service-oriented center serving the nearly 6 million square feet of suburban office space within three miles and the affluent suburban communities of Cherry Hill, Mount Laurel, and Marlton,” said Brad Nathanson, IPA senior managing director investments. “Constructed in 2017, the View at Marlton is a best-in-construction shopping center prominently featuring the latest restaurants and beauty tenants supported by the leader in the fitness industry. In addition, the site is situated on heavily traveled Route 73, across from a Whole Foods Market and a medical campus anchored by Rothman Institute. Marlton attracts some of the highest retail rents in the Philadelphia MSA given its proximity to Center City Philadelphia, close to robust office and mature housing markets where average annual household incomes exceed $145,000.”

Nathanson represented the seller and original developer, a Philadelphia-based partnership between Abrams Realty & Development and Lazgor Co., and procured the buyer, Paramount Realty Services, as part of a 1031 exchange.

The center’s top tenants include LA Fitness, AAA, The Malvern School, and Truist Financial Corp. Beauty tenants include Rooster’s, Belle Palace, Euro Wax, Restore Cryotherapy, and Cherry Blow Dry Bar. Among the restaurant tenants are Dunkin’ Donuts, Naf Naf, Bistro di Marino, and Smoothie King.


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About Institutional Property Advisors (IPA)

Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit

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