CBRE Arranges Sale of 163,629-SF Grocery-Anchored Shopping Center in Cape May Court House, N.J.

CBRE has arranged the sale of The Plaza at Cape May Court House, a 163,629-square-foot grocery-anchored shopping center in Cape May Court House. Alpine Real Estate Partners purchased the property from RW, LLC for an undisclosed amount.

Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE’s National Retail Partners team represented the seller, RW Partners, in the transaction.

“The Plaza at Cape May Court House generated some of the highest investor interest we saw in 2025,” said Munley. “The high-performing anchor tenant blended with the location’s prominence created exorbitant market demand.”

The Plaza at Cape May Court House is strategically situated at 11 Court House S. Dennis Road, near Stone Harbor and Avalon boroughs and surrounded by New Jersey State Pine Barrens along Route 9, proximate to the Garden State Parkway. The property is 89.1% occupied by a mix of regional and national tenants and is anchored by ACME, a grocery retailer operating over 160 stores throughout Pennsylvania, New Jersey, Delaware, New York, Connecticut, and Maryland.

“The Plaza at Cape May Court House is the type of high-quality, well-located asset we look to acquire,” said Josh Stein, Co-Founder of Alpine Real Estate Partners. “The center serves Avalon and Stone Harbor, two of New Jersey’s most vibrant coastal communities, and benefits from exceptional tenant performance and a consistently high-end demand base. In the summer months, the population in the surrounding area swells to levels comparable to major cities like Seattle or Denver, creating a uniquely robust seasonal customer base. We’re excited to invest in the property, strengthen the tenant mix, and continue supporting the growth of this exceptional market.”

“The Plaza at Cape May Court House serves as the primary community center to Avalon and Stone Harbor, two of the most prestigious zip codes in New Jersey,” said Behr. “Its position as the gateway to these communities has served the shopping center exceptionally well, driving tenant performance and leasing demand.”