S hopping C enters S outhern N ew J ersey
Real Estate Journal — New Jersey — July 17 - 30, 2015 — 5B
www.marejournal.com
M id A tlantic
OUNT LAUREL, NJ — Markeim Chalmers, Inc. , Seth Hersh represents both buyer and seller in 3,000 s/f transaction Markeim Chalmers sells Susquehanna Bank branch in a triple net deal in Mount Laurel M BB&T Bank pending federal regulatory approval.
Markeim Chalmers, Inc. is a full-service commercial real estate firm located in Cherry Hill, NJ and led by Fred S. Berlinsky, Esq. , president. Founded in 1922, Markeim has evolved into one of the largest commercial real estate firms in the Phila- delphia Metropolitan Area, servicing office, retail and industrial markets through- out the region. Markeim is also involved in the sale and development of commercial land, acquisitions, property management, appraisals and investments. With its focus on the Philadelphia Metro- politan Area marketplace, Markeim is also strongly committed to community enhancement and charitable activities. n
a leading commercial real estate, appraisals and prop- erty management firm in the Philadelphia Metropolitan Area, announces the follow- ing transaction in Mount Laurel. The 3,000 s/f bank branch, located at 160 Mt. Holly By- Pass, Lumberton, NJ (Burl- ington County), was sold for an undisclosed price. SethHersh , vice president of Markeim Chalmers, repre- sented the buyer, a private LLC. Hersh also represented the seller, a provate LLC. SELLER: Private LLC The 3,000 s/f branch was sold with a long-term lease in place with Susquehanna Bank. This transaction con- tinues to place Markeim at MARLTON, NJ — Col- l i ers Internat i ona l ’ s Southern New Jersey office concluded two leases – total- ing 6,715 s/f - at Building #3 in the Elmwood Business Park, located at 733 Rte.70 East in Marlton, resulting in 100% leased status. Evan Zweben represented the landlord, PCF Management, LLC. Both spaces were leased to local companies. The first lease was with NY Cruise Ventures. The second lease was with The Johnston In- surance Group, who has been in the Southern New Jersey marketplace since 1948. “The office market is still favoring tenants in lease negotiations but PCF Man- agement made a strategic decision to invest substantial capital in their building in or- der to stay competitive in the market. The results speak for themselves,” said Zweben. The owner upgraded the common areas both inside and out, painted, and in-
Grande Apartments
160 Mt. Holly Bypass
the forefront of investment sales in South Jersey. Bank branches with long-term
leases provide a high credit safe haven for investors with patient money and steady
goals. Susquehanna Bank is currently under an agree- ment to be purchased by
South Jersey office building now 100% leased: Colliers International facilitates transactions
733 Rte. 70
stalled new flooring with- in the suites. “We are so pleased with the outcome, we have already begun plan-
ning upgrades to our two remaining buildings in the complex,” said Christina Rossitto , a principal with
PCF Management. Phase II is scheduled to commence later this summer with anticipated comple-
tion before the end of 2015. Marketing materials for that project are available upon request. n
Made with FlippingBook - Online Brochure Maker