Mount Olive Parkade at 7 Naughright Road in Mount Olive — Courtesy: Marcus & Millichap
By Joshua Burd
A private investor has acquired a shopping center in Mount Olive for $6 million, under a newly announced transaction by Marcus & Millichap.
The property, known as Mount Olive Parkade, is a 114,249-square-foot complex at 7 Naughright Road. Marcus & Millichap investment specialists Michael Lombardi and Steven Schiavello represented the seller, an LLC, as well as the buyer.
Located on the Route 46 corridor, the property is home to tenants such as Retro Fitness, Burger King, KinderCare and a host of others.
