2B — June 2024 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
Four Springs Capital Trust sells asset to 250 Century Parkway, LLC & Needleman Management Co. Newmark arranges sale of 87,460 s/f premier office building in Mount Laurel, NJ
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from the Moorestown Mall, and features some of the re- gion’s most desirable retail amenities,” said Dolan. “We are pleased to have achieved this favorable outcome and con- gratulate everyone involved.” 250 Century Parkway is a Trophy, single-tenant, net- leased office building in ame- nity-rich Mount Laurel, one of southern New Jersey’s most sought after and accessible sub- markets. The building features high-end finishes, including a cafeteria, conference center and fitness center. Set on 7.24 acres, only 13 miles to Philadelphia and 90 minutes to Manhattan,
the property has maximum visibility from the NJ Turnpike and direct access to Exit 4. "This sale marks a sig- nificant milestone for Four Springs Capital Trust as it reflects our strategic intent to optimize our portfolio and capitalize on the demand for high-quality office spaces. The successful closure of this deal underscores our commit- ment to maintaining robust asset quality and generat- ing substantial value for our stakeholders," said Marcia Minton , vice president of asset management at Four Springs Capital Trust. MAREJ R&J Strategic Communications promotes Johnson to account director BRIDGEWATER, NJ — R&J Strategic Communica- tions , a full-service integrated marketing and public relations agency, announced the promo- tion of Dan Johnson to ac- count director. In this new role, Johnson will be responsible for leading and managing the agency’s B2B account service team and will assist in setting the agency’s strategic direc- tion as a member of the senior management committee. Johnson joined R&J in 2016 and most recently held the title of account supervisor. Through- out his time at R&J, Johnson has been a significant contribu- tor to the agency’s growth and success. He serves as a trusted counselor to some of the re- gion's most prominent commer- cial real estate and professional service businesses and leaders and has been a key driver in expanding the agency’s B2B service line. MAREJ
OUNT LAUREL, NJ — Newmark has ar- ranged the sale of 250
Century Parkway, a four-story, 87,460 s/f class A office build- ing in Mount Laurel. Four Springs Capital Trust sold the asset to 250 Century Park- way, LLC and the Needleman Management Company . Newmark senior managing director David Dolan and associate Angelo Brutico facilitated the transaction on behalf of the seller, with sup- port from Newmark financial analyst John Cook . “The property is in an excep- tional location, just minutes
250 Century Parkway
NJPA
a section of the MARE Journal Phone: 781-740-2900 www.marej.com S ection P ublishers Linda Christman lchristman@marejournal.com Lea Christman lea@marejournal.com S ection E ditor Karen Vachon editor@marejournal.com
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