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Monthly Archives: January 2014


GREAT RETAIL SPACES FOR LEASE IN SOUTHERN NJ

GREAT RETAIL SPACES FOR LEASE IN SOUTHERN NJ

Wolf Commercial Real Estate, the #1 New Jersey commercial real estate brokerage firm, is your top choice for commercial land and medical, retail, and office space in New Jersey. Through our office, we represent both buyers and sellers, and owners and tenants, for all their New Jersey space needs throughout the state, the region and the entire country. 

Is your company looking for the perfect southern New Jersey location for your next retail location? Do you need to expand your retail store? Do you need a location close to the Philadelphia area? Do you want a location that’s convenient to many important traffic routes? Southern New Jersey is getting more and more attractive as a location for retail businesses. And now there are exciting new opportunities for you to get the retail space you need!

Right now there are some exciting retail space opportunities in Cherry Hill and Mount Holly, NJ. The Cherry Hill location is very well located in a highly visible location, right across the street from the Cherry Hill Mall. Its space is 3,018 square feet, as a single unit. And in Mount Holly, the 2,100 square foot location is located close to Route 38, with low operating costs! Call WolfCRE now to learn more about these exciting southern New Jersey retail space opportunities!

For more information about NJ office space, about other New Jersey commercial real estate listings, or about commercial real estate elsewhere in the United States, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

About Us

Wolf Commercial Real Estate is a Southern New Jersey and Philadelphia-are commercial real estate broker that provides a full range of New Jersey commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, sellers, tenants and investors. Please visit our websites for information about our NJ commercial real estate services for office space, retail space, medical space, investments, industrial space or land for sale or lease, or for information about other commercial real estate listings and commercial real estate services from Wolf Commercial Real Estate, the leading Jersey commercial real estate broker.

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WCRE APPOINTED EXCLUSIVE AGENT FOR BETHEL BAPTIST CHURCH CENTER IN CHERRY HILL, NJ

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WCRE APPOINTED EXCLUSIVE AGENT FOR  
BETHEL BAPTIST CHURCH CENTER IN CHERRY HILL, NJ

Bethel Baptist Press Release 

January 30, 2014 – Marlton, NJ – Wolf Commercial Real Estate (WCRE) is pleased to announce that it has been appointed exclusive sales agent by Bethel Baptist Church for the marketing of its Shining Lights Early Learning Center at 1721 Springdale Road in Cherry Hill, NJ. The sales team of Leor Hemo,  executive vice president, and Scott Seligman, director of business development, will be overseeing the project.

This unique property comprises a 21,325 +/- square-foot school building with a full gym, stage, and kitchen. The building sits on a parcel of 18+/- acres. This magnificent and highly visible property is located on Springdale Road in the desirable east side of Cherry Hill, with easy access to Route 70, I-295 and the NJ Turnpike.

WCRE has been retained to market the property for sale. The asking sale price is $4,250,000. Proceeds from this sale will help fund the construction of a new state-of-the-art daycare facility for Shining Lights Early Learning Center and an 8000 square-foot expansion to the church on its primary property across Springdale Road.

“This combination of such a remarkable building and prime location presents a great opportunity for  another school, a healthcare facility, senior care, or any number of other institutional uses,” said Hemo.

A marketing brochure and property highlight materials are available upon request.

About WCRE

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.

Learn more about WCRE online at www.wolfcre.com, on Twitter @WCRE1, and on Facebook at Wolf

Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com, www.southjerseyland.com, www.cherryhillofficespace.com, and www.cherryhillland.com.

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PHILLY RETAIL MARKET REMAINS STABLE

PHILLY RETAIL MARKET REMAINS STABLE

Wolf Commercial Real Estate, a full-service Pennsylvania real estate brokerage firm that specializes in Philadelphia commercial real estate, is the right choice for property in Philadelphia and the Philadelphia metro area. There’s no better place to go to find office space, medical space, commercial parcels, or other commercial property. 

Have you been considering a retail location in the Philadelphia area? Are you looking at retail space in Pennsylvania? Right now is a great time to move locations into the Philly metro area. The vacancy rate for retail space in Philadelphia is unchanged versus the previous quarter, according to the CoStar group. That is a sign of a mature market, where any investment in property or retail space is bound to pay off. 

And the rental rate for Philadelphia-area retail actually dropped from the last quarter of 2013, indicating an even better time to move into Philly retail. So if your company has been considering expanding into Pennsylvania, relocating to the Philly area, or investing in retail property, now is a great time to look into Philly real estate. Call WolfCRE to find out more about Philadelphia retail space.

For more information about PA retail space, about other Pennsylvania commercial real estate listings, or about commercial real estate elsewhere in the United States, please contact Jason Wolf (215-799-6900-office; 215-588-8800-cell; jason.wolf@wolfcre.com) or Leor Hemo (215-799-6900-office; 215-514-1750-cell; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, the premier Philadelphia-area commercial real estate brokerage firm.

About Us: 

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, tenants, investors and sellers in the Greater Philadelphia area and beyond. Please visit our websites for information about our Philadelphia commercial real estate services for office space, retail space, medical space, investments, industrial space or land for sale or lease, or for information about other commercial real estate listings and commercial real estate services from Wolf Commercial Real Estate, the leading Philly commercial real estate broker.

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MEDICAL SPACE IN SOUTHERN NJ? GREAT DEAL IN VOORHEES

MEDICAL SPACE IN SOUTHERN NJ? GREAT DEAL IN VOORHEES

Wolf Commercial Real Estate, the #1 New Jersey commercial real estate brokerage firm, is your top choice for commercial land and medical, industrial, and office space in New Jersey. Through our office, we represent both buyers and sellers, and owners and tenants, for all their New Jersey space needs throughout the state, the region and the entire country.

Are you looking for affordable medical space in southern New Jersey? Would you like to be away from the hustle and bustle and hassle of Camden and Philadelphia, but still close enough to be conveniently located? Medical space in Voorhees, NJ, could be right for you! This is a highly visible location in a very prestigious area. And there is plenty of space available—1,127 to 12,768 square feet, divisible. And that’s just on the first floor!

So if you need the right fit in medical space in New Jersey, check out this location at the Pavilion 800 Building in Voorhees, New Jersey. And the location is great—more than 70,000 people live within a three mile radius. Click here to learn more about this great medical space available. 

Browse all our local real estate listings for commercial properties, medical space, or retail properties from anywhere in the country. At Wolf Commercial Real Estate, we are focused on creating a partnership with our clients—so that you have a smooth transition, from the very beginning of the relocation analysis process, all the way to your move-in date and beyond.

For more information about NJ office space, about other New Jersey commercial real estate listings, or about commercial real estate elsewhere in the United States, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

About Us

Wolf Commercial Real Estate is a South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, sellers, tenants and investors. 

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THE RIGHT MEDICAL SPACE IN CHERRY HILL NJ

THE RIGHT MEDICAL SPACE IN CHERRY HILL NJ

Wolf Commercial Real Estate (WCRE) is the premier New Jersey commercial real estate broker. We’re the one that people rely on for all New Jersey retail, commercial, industrial, and medical space. There’s no better choice for real estate in New Jersey, including Southern New Jersey. We represent industrial space, medical space, office space, commercial parcels to develop, and more! 

Are you in the market for medical space? Is your practice expanding, or are you about to start your own practice for the first time? Cherry Hill is a great location for you to settle in. With easy access to Center City Philadelphia and all of South New Jersey, you can be centrally located and easy for customers to get to! The space offers easy access to Routes 70 and 73, the New Jersey Turnpike, and I-295. 

There are many units available, able to fit whatever needs you may have. They range in size from 774 sq ft to 2,700 sq ft. And they’re available for immediate occupancy! Don’t hesitate, act now to get the best deals in Cherry Hill medical space. 

Browse all our local real estate listings for commercial properties, medical space, or retail properties from anywhere in the country. At Wolf Commercial Real Estate, we are focused on creating a partnership with our clients—so that you have a smooth transition, from the very beginning of the relocation analysis process, all the way to your move-in date and beyond.

For more information about NJ office space, about other New Jersey commercial real estate listings, or about commercial real estate elsewhere in the United States, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

About Us

Wolf Commercial Real Estate is a South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, sellers, tenants and investors. 

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GREAT COLWICK OPPORTUNITIES IN CHERRY HILL NJ

GREAT COLWICK OPPORTUNITIES IN CHERRY HILL NJ

Wolf Commercial Real Estate, the #1 New Jersey commercial real estate brokerage firm, is your top choice for commercial land and medical, industrial, and office space in New Jersey. Through our office, we represent both buyers and sellers, and owners and tenants, for all their New Jersey space needs throughout the state, the region and the entire country.

Are you looking for space in New Jersey that’s affordable and conveniently located with all the amenities you could want? Is your business planning on moving out of your current location? Are you on the hunt for the perfect fit for your company? Now is a great time to move your business to Cherry Hill, New Jersey! Conveniently located close to Philadelphia, Camden, Routes 70 and 73, the New Jersey Turnpike, and I-295. 

Right now there are three openings in Colwick Business Center in Cherry Hill, NJ. That’s almost 100,000 square footage of space to choose from (of course, the space is divisible). With this great location in Cherry Hill, New Jersey, your business could really take advantage of all the Garden State has to offer!

Browse all our local real estate listings for commercial properties, medical space, or retail properties from anywhere in the country. At Wolf Commercial Real Estate, we are focused on creating a partnership with our clients—so that you have a smooth transition, from the very beginning of the relocation analysis process, all the way to your move-in date and beyond.

For more information about NJ office space, about other New Jersey commercial real estate listings, or about commercial real estate elsewhere in the United States, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker. 

About Us:

Wolf Commercial Real Estate is a Southern New Jersey and Philadelphia-are commercial real estate broker that provides a full range of New Jersey commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, sellers, tenants and investors. Please visit our websites for information about our NJ commercial real estate services for office space, retail space, medical space, investments, industrial space or land for sale or lease, or for information about other commercial real estate listings and commercial real estate services from Wolf Commercial Real Estate, the leading Jersey commercial real estate broker.

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REPORT: FOURTH QUARTER CAPS A YEAR OF MOSTLY SOLID GROWTH IN SOUTHERN NEW JERSEY COMMERCIAL REAL ESTATE

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REPORT: FOURTH QUARTER CAPS A YEAR OF MOSTLY SOLID GROWTH IN SOUTHERN NEW JERSEY COMMERCIAL REAL ESTATE

WCRE Finds Strengthening Fundamentals Throughout 2013, Hinting at a Strong 2014 

January 7, 2014 – Marlton, NJ – Though there was some moderation in leasing activity in the fourth quarter of 2013, overall the year was a strong one for commercial real estate that likely paved the way for an even better 2014, WCRE said in its latest quarterly analysis. The report by the Southern New Jersey firm noted many positive trends during the fourth quarter and the year, with the market again proving its resiliency.

“Total leasing activity was slightly off this quarter compared with the fourth quarter of 2012, but we saw 14.5% growth in activity in our market in 2013,” said Jason Wolf, founder and principal of WCRE. “As exciting as it is to report this surge, based on the conditions in place, we expect 2014 to be even stronger.”

According to WCRE, the fourth quarter featured a very busy market, with further stabilization of rents, a pending mega-deal for a 24-building office/flex portfolio, and a great deal of prospecting setting up a high number of transactions that will consummate in the early part of the new year. There were approximately 374,121 square feet of new leases and renewals executed in the three counties surveyed, which was a decline of nearly 1.7% compared to the fourth quarter of 2012. But for the year WCRE reported +/-1,625,190 square feet of total activity, compared to +/-1,419,276 square feet in 2012. Notably, expansions and new deals remained strong this quarter, with net absorption at approximately 102,294 sf.

The report noted that strong demand in the local market has been powered in part by the continuing nationwide economic rebound. The stock market achieved several record high closes, finishing the year up 26%, and both New Jersey’s and the nation’s unemployment rates improved. New Jersey’s unemployment rate closed the fourth quarter at 7.8%, falling nearly two full points over the course of the year. The national unemployment rate stood at 7% as the year ended.

The two most noteworthy developments in the quarterly report were the further reduction of the region’s vacancy rate, which now is down to approximately 15%, and Liberty Property Trust’s (NYSE: LRY) announcement that its entire office/flex portfolio in the region was put under agreement. The portfolio comprises 1,188,285 square feet in 24 buildings. Other office market highlights from the report:

  • Average rents for Class A & B product continue to show strong support in the range of $11.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $11.00-$11.50/sf NNN or $21.00-$21.50/sf gross for the deals completed during the fourth quarter. This is essentially unchanged from the previous quarter.
  • Moorestown, Marlton and Mount Laurel (3M) continue to show strength, while a large share of the region’s vacancies remain in Voorhees, Pennsauken, and the west side of Cherry Hill. Burlington County continued to maintain a significantly lower vacancy rate than Camden County.
  • There was a very active pipeline of deals that will be completed soon, covering approximately 400,000 sf.
  • All of the major private owners and REITS showed a significant increase in prospect activity for the quarter, and are all cautiously optimistic for 2014.

WCRE also reported on the local retail market, noting that even amid weak holiday sales figures, retail leasing activity in the region was strong, with owners cautiously optimistic. Highlights from the retail section of the report include: 

  • Overall retail vacancy in the tri-county area is hovering around 10.7%, marking tremendous improvement from the end of 2012, when it was hovering in the 17-18% range.
  • Class A retail product rental rates continue to show strong support in the range of $30.00-$40.00/sf NNN.
  • Class B product shows support in the range of $15.00-$23.00/sf NNN.

The full report is available upon request.

About WCRE

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.

 

Learn more about WCRE online at www.wolfcre.com, on Twitter @WCRE1, and on Facebook at Wolf

Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com,  www.southjerseyretailspace.com, and www.southjerseymedicalspace.com.

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