Markeim Chalmers senior associate, Adam Dembo, represented the seller, Coastal Enterprises, LLC, in the sale of 3829 Church Road—a multi-tenant, two-story, 6,500-square-foot medical office building in the heart of Mount Laurel.
Newmark, representing South-Jersey based developer Stanker & Galetto, closed the $39.65 million sale of a 255,000-square-foot cold storage facility in Delanco to California-based Provender Partners. The newly constructed refrigerated and frozen food distribution location recently underwent a 95,000-square-foot expansion to accommodate the existing tenant, Misfits Market.
A warehouse in Moorestown has been sold for the second time in a year. According to real estate firm Colliers, Court Street Ventures purchased the 22,500-square-foot warehouse at 353 Crider Ave. about a year ago; the property was then sold to Quinlan Development Group and Atrium Real Estate Group. The property has undergone an extensive renovation over the past year and, before the sale, had been leased to medical supplies distributor Yzer.
Vantage Commercial recently announced a series of new transactions including the sale of a free-standing, 4,200-square-foot office building located at 41 Kings Highway N. in Cherry Hill. In addition, the firm also worked on a new retail lease in Cinnaminson at a site in the Chestnut Hill Plaza shopping center along Route 130. The site will soon be home to the Burlington Design Center. Vantage also helped facilitate another retail lease, this time at Plaza 500 along the Black Horse Pike in Haddon Heights, for Irie Mon Jamaican Restaurant and Take-out.