ShopRite-Anchored Lacey Mall Gets New Owner

LACEY, NJ — The ShopRite-anchored Lacey Mall is under new ownership.

Lacey Mall, along with Bay Plaza in Toms River and Jackson Plaza in Jackson, have been acquired by a fund managed by DRA Advisors, according to CRBE, who represented the seller, Pasbjerg Development Co.

The sale price was not shared.

DRA Advisors owns 51 industrial and retail properties in New Jersey.

All three of the plazas are anchored by Saker ShopRite stores. The Lacey Mall is the largest of the three at 173,988 square feet. It is also home to TJ Maxx, Dunkin', Popeyes and more. As a whole, the properties are 94 percent leased.

“We are excited to partner with Soundwater on this portfolio acquisition. These well-located grocery centers, anchored by dominant ShopRite stores with an excellent operator, are a great addition to our national retail portfolio,” said DRA Advisors Managing Director Brett Gottlieb