Brooklyn, NY – Wasa Properties announces the sale of a PNC Bank outparcel in Flanders, New Jersey. PNC Bank is an outparcel to Sutton Plaza, a community shopping center anchored by high grossing Weis and Tractor Supply. Sutton Plaza benefits from outstanding visibility from Route 206 in addition to excellent demographics with an average household income of $122,930 and over 50% hold a bachelor degree or higher within one-mile radius.
Wasa Properties acquired PNC Bank as part of Sutton Plaza in 2015 which included 146,351 square feet of retail space. Wasa Properties subdivided PNC Bank outparcel and sold the asset to a private investor.
PNC Bank sale was brokered by CBRE.