4B — April 10 - 23, 2020—Southern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
S outhern NJ
McGovern, Touhey and Green arranges an off-market transaction between both parties CBRE announces sale of 59-acre industrial site in Burlington, New Jersey B ity at the site called Exit 5 Distribution Center, which is expected to deliver during the fourth quarter of 2020.
URLINGTON, NJ — CBRE announced that it has arranged the sale of a 59.29-acre industrial site located at 107 Elbow Ln. in Burlington, New Jersey. John- son Development Associates, Inc. acquired the property for an undisclosed sale price. The CBRE team of Dan McGovern, Paul Touhey and Drew Green arranged an off-market transaction be- tween Johnson Development and the seller, Seacalco, LLC. Johnson Development As- sociates has plans to develop a 266,966 s/f warehouse facil-
“This acquisition is another example of the robust demand from larger institutional in- dustrial developers looking to acquire land and product in Southern New Jersey,” said McGovern, first vice presi- dent, CBRE. “We think this is a great purchase for Johnson Development Associates, who continues to expand their footprint in South Jersey and our team is confident Exit 5 Distribution Center will be a tremendous success.” Morgan Law LLC celebrates 5 years providing corp. & real estate legal services to South Jersey MARLTON, NJ – Mor- gan Law LLC is pleased to celebrate five years providing Kenneth Morgan, Esq. , the boutique law firm concentrates in the areas of transactional real estate and business coun- seling. The firm works on behalf of borrowers, landlords and tenants who are acquiring, financing and leasing commer- cial real estate. In addition, Morgan Law LLC represents buyers and sellers of assets in diverse businesses and pro- vides counsel on matters that include business formation, entity governance documents, succession planning, acquisi- tions and buyouts, opinion let- ters and commercial contracts. “When I first launched the firm in 2015, I had set prag- matic goals for year one and year two, and here we are celebrating five years. I truly appreciate our clients’ trust and confidence,” said Morgan, who is a strong supporter of the community both profession- ally and personally, including being a board member of the Animal Welfare Association in Voorhees and Businesses Committed to South Jersey (BCSJ). Kenneth Morgan legal services to businesses and individu- als through- o u t t h e South Jersey community. Founded and led by Med- ford resident,
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