218 West Groveland Ave. in Somers Point — Courtesy: Vantage Commercial
By Joshua Burd
An investment group has acquired a 12,000-square-foot commercial building in southern Atlantic County, under a newly announced transaction by Vantage Commercial.
The brokerage firm said the property, located in Somers Point, is a retail and industrial structure with a long-term lease to Weinstein Supply. Executive Director Ken Richardson represented both parties in the transaction at 218 West Groveland Ave.
Terms were not disclosed.
“The seller worked with us to finalize the listing, which met all of their requirements,” Richardson said. “Once the opportunity was secured, we reached out to our network and secured a buyer rather quickly. The Dadlani family is a seasoned investment group focusing on industrial-type properties. They acted quickly and were a pleasure to work with.”