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A fund managed by DRA Advisors, in conjunction with Soundwater Properties, has acquired a three-property, 376,462-square-foot shopping center portfolio in Ocean County, N.J. Each center is anchored by a ShopRite store. Pasbjerg Development Co., which had developed and managed the properties, sold them in a transaction arranged by CBRE.

The portfolio comprises Bay Plaza at 860 Fischer Blvd. in Toms River, Jackson Plaza at 260 N. County Line Road in Jackson Township, and Lacey Mall at 344 US-9 in Lacey Township. The properties were 94 percent leased at the time of sale.