4B — March 29 - April 11, 2019 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers & M anagers

ERCHANTVILLE, NJ — Gebroe - Hammer Associ- Quaint Borough of Merchantville boasts above-average tenant demand Mapleview Apartments in South Jersey sells for $9.75min transaction arrangedbyGebroe-Hammer M

cally stabilized garden-style community is located 15 min- utes from Philadelphia. Mer- chantville is an established suburban-bedroom communi- ty just 2.5 miles from Cherry Hill, South Jersey’s center of commerce and employment. “The buyer was attracted to Mapleview’s one- and two- bedroom unit mix, ease of connectivity to Cherry Hill and Philadelphia and its inherent value-add/capital- improvement component,” said Zweibel. “Demand for apartment-home living on the periphery of Philadelphia

is well above average among the region’s highly educated professional tenant base, signaling favorable property repositioning in both the short and long term.” Situated within the heart of the Wellwood neighborhood – Merchantville’s most expen- sive and highest-appreciating neighborhood since 2000 – Mapleview Apartments is comprised of 26 one- and 84 two-bedroom layouts. It is within a short walk to grocery stores, coffee shops, dining, schools and a NJ Transit bus route stop across the street. Major commercial and retail centers are in Collingswood, Haddonfield and Haddon Heights. Cherry Hill Mall and Moorestown Mall are two and five miles away, respectively. “Feeding Southwest New Jersey’s emergence as a forti- fied out-commuter enclave is its affordability – as compared to Philadelphia City Proper – as well as mass-transit and highway accessibility to regional employment cen- ters, from Cherry Hill and Philadelphia to the Trenton/ Hamilton corridor,” added Zweibel. “The overall demo- graphic of the region contin- ues to transform thanks to a growing post-bac, established millennial and empty-nester tenant population.” Since 1975, Gebroe-Ham- mer’s brokerage activities have concentrated on all multi- family types including class A, B and C high-rise and garden- apartment properties.  McLaren Engineering Group triples office space in Lehigh Valley expansion ALLENTOWN, PA — McLaren Engineer ing Group is expanding its Le- high Valley location. The full- service engineering firm will now occupy 2,700 s/f at 5100 West Tilghman St. in Allen- town – tripling the amount of space of its previous location, which opened in 2016. The move allows the McLaren team to grow from six to 16 employees. McLaren’s Lehigh Valley office provides services to the steel industry and specializes in aluminum paneling design work for office towers, mixed- use complexes and university buildings across PA, NJ, and NY. 

ates has arranged the $9.75 million sale of Mapleview Apartments, a 110-unit South Jersey apartment commu- nity located at 56 West Maple Ave., inMerchantville. Senior vice president Adam Zwei- bel spearheaded the broker- age team that included sales associate Eli Herskowitz in representing the seller, Emanuel at Maple LLC, and procuring the buyer, a private investor. Built in 1946, the histori-

Mapleview Apartments



E.B. Cohen welcomes you to experience caring, professional & personalized attention for your risk management and insurance needs. Our experienced insurance professionals take the time to carefully assess your exposures and identify your needs. We establish and maintain relationships with clients interested in long-term business success. YOUR GOA L S A R E OUR GOA L S Whether it is commercial property & casualty, personal insurance, life insurance, or benefits, our associates will work hard to provide the right solutions for you.

To learn more, call us now at 973-403-9500. 101 Eisenhower Parkway. Roseland, NJ 07068


Made with FlippingBook - Online catalogs