S hopping C enters S outhern NJ S potlight
M id A tlantic Real Estate Journal — Southern New Jersey — April 23 - May 20, 2021 — 7B
www.marej.com
Advantage Behavioral Services open new location at 36 Kresson Rd. in Cherry Hill Richardson and Stein of Vantage Commercial orchestrate office leases in South Jersey
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Rd. The newly-renovated space will be easily accessible and welcoming for their clients and patients. This company is doing amazing things for those strug- gling with mental health and addiction and is a great addi- tion to our local communities,” Stein said. About Vantage Commercial: Headquartered in Cherry Hill, NJ, and Philadelphia, PA, Van- tage Commercial is a full-ser- vice commercial real estate bro- kerage and advisory firm serv- ing New Jersey, Philadelphia and Eastern Pennsylvania. Vantage Commercial special- izes in all aspects of commercial real estate including: Landlord Representation, Tenant Repre- sentation, Healthcare Real Es- tate Services, Investment Sales and Acquisitions, Multi-Family Sales and Acquisitions, Busi- ness Brokerage, Land Sales, Land Development, Property Management, Property Valu- ations and Advisory. MAREJ currently occupies a facility in northern New Jersey, and was looking for an additional southern New Jersey location to cater to its growing client base,” he added. Located just off of Rte. 130, 923 N. Lenola Rd. features over 8,000 square feet of office space, 24’ – 31’ ceiling heights, 25’ x 60’ column spacing, six loading docks with two level- ers, one electric drive-in door and fenced outdoor storage. There is ample on-site park- ing and a newly renovated kitchenette in the office area. In other news, Scott Mertz. SIOR , president, completed the sale of a 116,284 s/f indus- trial building located at 1700 Suckle Hwy. in Pennsauken. Mertz represented the build- ing owner, Seyon Group , in the transaction. Located on Rte. 130 and just five minutes from Philadel- phia, 1700 Suckle Highway, is a newly renovated building on a 7.69-acre lot. MAREJ
OUTHERN NJ — Van- tage Commercial an- nounced an office lease,
at 30 Jackson Rd., Medford, NJ. The loca- tion, a spa- cious, modern facility with- in a newly r e n o v a t e d two-story of- fice building with access f r o m R t e . 70, Tucker- ton Rd. and T a u n t o n Blvd. Ken Rich- ardson , ex- ecutive direc- tor, and Emi-
30 Jackson Rd., Medford, NJ
36 Kresson Road in Cherry Hill, NJ
Ken Richardson
for the new office space. “The business will be well positioned for success and future growth within Jackson Commons in Medford. The newly-created space will be welcoming and efficient for their clients. During the recent COVID-19 pandemic, it is even more critical to have a strong understanding of the market. Our relationships with land- lords, including Green Jade Properties, LLC , become even more important as we all need to be able to service clients
during challenging times,” Richardson said. In a separate transaction, Vantage Commerc ial an- nounced another successful office lease, this time in Cherry Hill. The newest office for Ad- vantage Behavioral Services, LLC is located at 36 Kresson Rd. in Cherry Hill, NJ, on the border of Haddonfield. Advan- tage Behavioral’s new location is easily accessible from I-295, the NJ Tpke., King’s Highway and Haddonfield-Berlin Rd. Stein worked closely with
Chris McGoldrick , co-owner and VP of operations at Ad- vantage Behavioral Services, LLC , to identify a location for the expansion and secure a lease for the new office space. Advantage Behavioral Services mission is to inspire and moti- vate clients to succeed on their path in recovery while creating positive connections in their life and improving their work or education and family bonds. “Advantage Behavioral Ser- vices is well positioned for suc- cess and growth at 36 Kresson and Rtes. 70 and 73, this 61,000 s/f industrial property features heavy power for manufactur- ing, updated office space, and an additional parking lot for excess trailer parking. In a separate transaction, Klear completed a 54,250 s/f industrial building lease at 923 N. Lenola Rd. in Moore- stown, NJ. Klear represented the building's prior tenant, as well as Exeter Property Group , the property owner. ASGS-All Season Movers, a moving company that pro- vides local, long-distance and international moving ser- vices, has signed a long-term lease to occupy the entire building. "The property received an enormous number of inquiries within a few short weeks from when marketing commenced, and this tenant, represented by Hunter Durant via their NJ affiliate, was then selected for a direct deal with the landlord,” said Klear. “ASGS
Emily Stein
ly Stein , director of healthcare services at Vantage Commer- cial, worked closely with a local professional services provider to identify a location for the relocation and secure a lease
NAI Mertz team completes sale of 100% occupied, 61,000 s/f industrial building in Mount Laurel, NJ
MT . LAUREL AND MOORESTOWN NJ — NAI Mertz closed the sale of 103 -105 West Park Dr. in Mt. Laurel. The team of Jona- than Klear , senior vice presi- dent; Fred Meyer , executive vice president; Roy Kardon, SIOR , vice president; Jeff Licht, SIOR , senior vice president; and Jared Licht, sales associate, represented the buyer, Faropoint, in this transaction. The company is a fully-integrated industrial in- vestment firm that owns and manages a diverse portfolio of stabilized properties. “We have been working with Faropoint for over a year to identify and underwrite at- tractive, off market, regional- ly located opportunities. The company’s Northeast portfolio is growing substantially with the help of NAI Mertz” said Klear. “We are pleased to have found our client this great investment property, which is fully occupied by
105 West Park Dr. in Mt. Laurel
923 N. Lenola Rd. in Moorestown
a long-time tenant, making this sale more attractive to their business objectives,” he
added. Located just off I-295 and con- venient to the New Jersey Tpke.
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