Mount Olive Parkade gets new owner

Oster Realty buys New Jersey property

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Marcus & Millichap brokered the sale of the 96,608-square-foot Mount Olive Parkade shopping center in Mt. Olive, N.J. The value of the transaction was $19 million. Mount Olive Parkade is located at 7 Naughright Road/Route 46. A&P Grocery anchors the center. Dollar Tree, Rockaway Bedding and Burger King occupy space in the center. The Parkade was constructed in 1999 on approximately 32 acres. A Manchester, Conn.-based investment group sold the property to Oster Realty Corp. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....