S hopping C enters N ew J ersey

Real Estate Journal — New Jersey — Section B


M id A tlantic

Three-Building 218,159 s/f complex marks the firm’s largest acquisition to date Strategic Funding Alternatives, LLC acquires Woodland Falls Corporate Park in Cherry Hill, NJ

HERRY HILL, NJ – Strategic Funding Alternatives, LLC (SFA) , a privately held com- mercial real estate investment firm, announced its acquisition of Woodland Falls Corporate Center on Lake Drive East and Rte. 38 in Cherry Hill. Located on a 17 acres, the three build- ing complex at 200/210/220 Lake Dr. East combine for a total of 218,159 s/f of class A office space. The Corporate Park currently boasts an occu- pancy rate of 97% and is home to tenants that include PNC C HI-LIGHTS DECEMBER 13 - 26, 2019

Bank, Corcentric LLC, Ballard Spahr LLP, 1st Colonial Com- munity Bank and M&T Bank. SFA managing principal, Jeffery Schneider said, “With its convenient location and parklike setting, Woodland Falls has been a long sought af- ter corporate park and we look forward to further strengthen- ing its appeal.” SFA already has plans for common area and landscaping improvements to class A office complex. Of the firm’s largest acquisition to date, Schneider goes on to add, “we are excited to add such a premier site to our property portfolio.” Founded in 2016, SFA has

become one of the fastest grow- ing firms in the South Jersey market with 23 properties and 1,000,000+ s/f. The company’s investment division raises and places equity in undervalued commercial office complexes, op- timizing performance through acquisitions with value-add capital improvement opportu- nities and providing investors with discretion over individual assets, regular quarterly in- come and long-term capital ap- preciation. For its commercial portfolio, SFA offers full-service property management, includ- ing leasing, construction and comprehensive tenant-related services. 

Woodland Falls Corporate Center

Skanska USA celebrates grand opening of Inspira Medical Center Mullica Hill

MULLICA HILL, NJ —On November 8, Skanska USA , one of the world’s leading construction and development firms, celebrated the grand opening of Inspira Medical Center Mullica Hill in Mullica Hill, New Jersey. The new five- story, 465,000 square-foot in- patient hospital is Gloucester County’s first hospital to open in 45 years and will help meet growing demand in the region. With its partners Array Architects and Leach Wal- lace Associates , Skanska built Inspira Medical Center Mullica Hill using the Inte- grated Project Delivery (IPD) approach, Skanska’s largest IPD project to date in North America. The approach, which brings together the client, designer and builder to align stakeholders and streamline project execution, brought ap- proximately 400 local full-time jobs to the construction site. The new hospital will pro- vide inpatient hospital care with 210 private rooms, state- of-the-art surgical suites, a modern emergency depart- ment with dedicated pediatric and senior ERs, and a mater- nity center. The project also includes a new central utility plant and solar field, which provides electrical power, heat-


realization of our long-term vi- sion to provide exceptional care in a state-of-the-art facility to the residents of Gloucester County,” said John DiAngelo, president and CEO, Inspira Health. “Skanska has been an incredible partner throughout the process, helping to keep the project on track so we can bet- ter serve our local community for years to come.” In addition to the new hos- pital, Skanska is also building Inspira Health’s new Leading- Edge Cancer Center, slated to open in early 2020. An at- tached addition to the main hospital building, the new Inspira Medical Center Mullica Hill


cancer center spans 120,000 s/f and will provide compre- hensive cancer services all under one roof. By co-locating medical, radiation and surgi- cal oncologists in one space, patients who need to see mul- tiple specialists will be able to do so in one visit, in one loca- tion and possibly in the same exam room. Support services, including nutrition counseling, physical therapy, patient navi- gation and social work, will also be provided in the cancer center. The addition will also be home to several suites de- voted to non-cancer-related clinical and office functions. 

ing/hot water and chilled water to the facility. “Skanska’s extensive expe- rience in healthcare, coupled with Inspira Health’s commit- ment to innovative delivery methods, enabled us to build an exceptional health center to meet the growing needs of Gloucester County residents,” said Todd Lofgren , Skanska USA executive vice president and general manager. “Using the IPD approach, we were able to work efficiently and collaboratively to deliver this incredible project on time for Inspira and the community.” “Today’s milestone is the





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