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Real Estate Round Up
South Jersey real estate news and transactions.

by Staff

Autism Care Partners was exclusively represented by WCRE in recently leasing 9 Eves Drive in Marlton. The 7,100-square-foot office space represents Autism Care Partners’ first New Jersey location, which is now their 16th office across seven states.

WCRE was also the exclusive representation in another Marlton property’s transaction when 620/730 North Broad Street, LLC & Woodbury Medical Centers, LP acquired 8000 Lincoln Drive. The Class A corporate building’s 55,000 square feet is located in The Greentree Corporate Center and is fully leased to GEICO. 

Vantage Commercial announced last month that it represented CHB Group when the full-service employee benefits agency signed a long-term lease in the Marrone Law Building, 532 Route 70 W. in Cherry Hill. The 2,000-square-foot space is easily accessible from routes 38 and 130, the Turnpike and I-295.

Toward the end of March, Vantage also announced the sale of a free-standing, three-story office building in Haddon Heights’ historic business district. The 5,500-square-foot space located at 400 White Horse Pike was purchased by Cypress Financial Planning.

Late last month, Rose Commercial Real Estate announced that it successfully negotiated the sale of 1031 Little Gloucester Road in Blackwood, an 8,000-square-foot retail strip featuring more than 170 feet of frontage on the road’s well-traveled Blackwood Clementon Road intersection.

Recently, Stalwart Equities secured a $42.75 million bridge loan from SKW Funding for Logan Township Industrial Park. It is anticipated that the 171.3-acre Gloucester County property, which is zoned for industrial use and features more than 1 million buildable square feet, will be fully entitled for development within 12-18 months. The site will include two Class A distribution facilities equipped with cross-docking capability, 40-foot clear ceiling heights, and plenty of parking for both trailers and cars. It is located on Route 130, within minutes of I-295 and the Turnpike.

NAI Fennelly successfully negotiated the $2.175 million sale of a 6,400-square-foot auto repair building in Bordentown. Jerry and Matt Fennelly represented seller Jeff’s Tire and Auto in the sale to American Tire & Auto Care. In addition to frontage access to Route 206, the building also offers 20-foot-clear ceilings and five 10-foot-by-18-foot bays with overhead doors, plus an ideal location to help American Tire further expand into the area.

JLL Capital Markets has announced that it secured $21.98 million in acquisition financing for a six-property portfolio on behalf of the Wharton Equity Partners platform Wharton Industrial, the borrower. The New Jersey properties are 9256-60 Commerce Highway in Pennsauken, 1537 Glen Ave. in Moorestown and 5 E. Stow Road in Marlton; along with the three Pennsylvania properties, they total 251,922 square feet of light industrial space.