April 2024

N ew J ersey S hopping C enters S outhern NJ S potlight

M id A tlantic Real Estate Journal — Southern New Jersey — April 2024 — 3B


The property has been sold to the Township of Cherry Hill for $3,859,000 Rose CRE negotiates the sale and land preservation of the 26 acre Holly Ravine Farm C

HERRY HILL, NJ — Rose Commercial Real Estate , a real estate brokerage firm in South Jersey, announced the suc- cessful negotiation of the sale and land preservation of the 26-acre Holly Ravine Farm located at 350 East Evesham Rd., Cherry Hill. The prop- erty, previously owned by the Estate of Eva D. Gilmour, has been sold to the Township of Cherry Hill for $3,859,000. The Holly Ravine Farm, a cherished landmark in Cherry Hill, was the former home of the Cowtail Bar and held sig- nificant historical value to the community. When the property became available for sale, Rose Commercial Real Estate, led by Jeff Lucas , director of busi- ness development, was honored to be named the listing broker. Recognizing the importance of preserving the site, Jeff CHERRY HILL, NJ — Long-time tenant Kremer Eye Center has relocated and ex- panded its footprint at Com- merce Center in Cherry Hill, and has committed to another long-term lease, announced Diversified Management Plus (DMP) , asset manager for the class A office campus. A leading regional provider of innovative vision care services and surgical solutions, Kremer Eye Center moved from 1800 Chapel Avenue West into a newly built-out, state-of-the-art facility at the adjacent 1820 Chapel Ave. West. The company’s new 9,755 s/f space at Commerce Center includes surgical suites, exam rooms and administrative of- fices. “Kremer Eye Center’s re- commitment and expansion at Commerce Center underscores this campus’ accessibility and its ability to accommodate specialized tenant needs, in- cluding medical,” said DMP’s Bill Klein , VP of operations. “Kremer Eye Center has been part of this campus for more

350 East Evesham Rd.

our, Jr. The sale and pres- ervation of the Holly Ravine Farm represent a significant milestone for the community and will contribute to preserv- ing the historical heritage of Cherry Hill. Rose Commercial Real Es- tate facilitated the transaction

Lucas and the Rose Commer- cial Real Estate team worked diligently to secure approval for the land purchase and en- sure that the property, rich in history and memories, would be protected forever. Jeff col- laborated closely with former Cherry Hill Township Council

President and current Mayor, David Fleisher, to facilitate the acquisition and preserva- tion of the Holly Ravine Farm. The 26-acre property, lo- cated at the corner of Evesham and Springdale Rds., has been in the ownership of the family of former Mayor John C. Gilm-

between the buyer, Township of Cherry Hill, and the seller, Estate of Eva D. Gilmour, en- suring a smooth and successful closing on January 22, 2024. The sale price of $3,859,000 reflects the value and signifi- cance of the Holly Ravine Farm to the community. MAREJ

Diversified Management Plus announces Kremer Eye Center expands footprint at Commerce Center in Cherry Hill, NJ

expanded outdoor gathering spaces, including seating and tables. Additional planned im- provements include new monu- ment signage on Haddonfield Rd., providing enhanced tenant name exposure on that high- traffic thoroughfare. Newmark's Anne Klein , executive managing director, serves as the leasing agent for Commerce Center. The campus also serves as home to Cranial Technologies, Lin- coln Financial and a diverse mix of businesses and service providers. According to Klein, the property’s upgraded lob- bies, tenant amenities, and upcoming tenant sign exposure opportunities make Commerce Center a top, desirable complex for class A tenancy. Lakewood based DMP is a property management compa- ny, serving clients throughout the Northeast. DMP specializes in property and asset manage- ment for commercial proper- ties, including office buildings, shopping centers, and ware- house space. MAREJ

Commerce Center

than a decade, and it is always gratifying to support our ten- ants as their needs evolve.” Located less than 10 miles east of Philadelphia, the three- building, 153,000 s/f Com- merce Center is well situated just off Rte. 38 at the inter-

offer convenience to abundant shopping and dining options. Recent upgrades include new roofs with solar panels on all three buildings. Campus highlights also include a pic- turesque courtyard; its reno- vation in 2024 will incorporate

section of Chapel Ave. West and Haddonfield Rd. On site, tenants have complimentary access to a full-scale fitness center, shared conference space and ample parking. Two large-scale retail centers within one mile of the campus

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