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Real Estate Roundup
Real Estate news in our region.

by Staff
A 1.3 million-square-foot industrial portfolio located in Pennsauken, positioned at the junction of routes 73 and 130, was recently sold by Wharton Industrial and Walton Street Capital for almost $195 million. The deal was completed nearly three years after the 37-building Twinbridge Industrial Park’s purchase. 
WCRE exclusively represented Larchmont II Partnership, LLC, in the July sale of 210 Ark Road, Mount Laurel, also known as Larchmont II Medical Center with current tenants that include Larchmont Imaging, Advocare OBGYN, Larchmont Dental, The Foot & Ankle Group and The Allergy & Asthma Doctors. The fully leased property is a roughly 20,000-square-foot medical office building. 
Scott Mertz, president of the full-service commercial real estate firm NAI Mertz, has recently secured 232,679 square feet in industrial leases for Puratos U.S., an industrial bakery provider, across three properties on both coasts. Those spaces are 28,800-square-foot and 117,000-square-foot properties in Pennsauken, as well as an 86,879-square-foot location in Gardena, California. 

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Published (and copyrighted) in South Jersey Biz, Volume 13, Issue 8 (August 2023).

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