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Monthly Archives: May 2014


NEW SOUTH NJ RETAIL SPACE FOR LEASE OR SALE

NEW SOUTH NJ RETAIL SPACE FOR LEASE OR SALE

Wolf Commercial Real Estate, the number one choice for commercial real estate in Southern New Jersey, is a full service brokerage firm specializing in commercial real estate, retail space, medical space, office space, and commercial parcels. We offer best-in-class brokering for companies and individuals looking for office space and other commercial property. We’re your top choice for commercial land and retail space in New Jersey.

Do you need more space for your retail establishment? Do you want a newer building? Or are you looking for a great investment in south New Jersey real estate? Well, there’s a great opportunity for you in south NJ! Located at 2720 Black Horse Pike, Sicklerville NJ, this newly-built retail space offers units that range from 1,600 square feet to 3,200 square feet.

This great southern NJ property offers a great price at $16.00/sf NNN. And the location couldn’t be better: located at 2720 Black Horse Pike Sicklerville NJ, it’s just minutes away from Atlantic City Expressway, and very close to I-295. Available for immediate occupancy, you won’t find a better deal in South New Jersey retail real estate.

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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CHERRY HILL NJ OFFICE SPACE IN GREAT LOCATION

CHERRY HILL NJ OFFICE SPACE IN GREAT LOCATION

Wolf Commercial Real Estate, the number one choice for commercial real estate in Southern New Jersey, is a full service brokerage firm specializing in commercial real estate, medical space, office space, and commercial parcels. We offer best-in-class brokering for companies and individuals looking for office space and other commercial property. We’re your top choice for commercial land and developed space in New Jersey.

Are you on the lookout for prime New Jersey office space? Do you need Cherry Hill office space in a great location? Right now there’s a fantastic opportunity for your company to upgrade your office space. With plenty of space for your company, and room to grow, you won’t find a better office space property than this one. It offers up to 40,845 square feet of contiguous office space, at the low price of $14.00-$16.00/sf plus electric and janitorial.

And the location couldn’t be better for this Cherry Hill New Jersey office space. Located at 1873 East Marlton Pike Cherry Hill NJ, this office space is conveniently located close to I-295, the New Jersey Turnpike, Route 73 and Center City Philadelphia. More than 224,000 people live within 5 miles of this office space in Cherry Hill, NJ.

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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BETHEL BAPTIST CHURCH CENTER IN CHERRY HILL, NJ IS SOLD TO JEWISH FEDERATION OF SOUTHERN NEW JERSEY

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BETHEL BAPTIST CHURCH CENTER IN CHERRY HILL, NJ IS SOLD TO JEWISH FEDERATION OF SOUTHERN NEW JERSEY

Bethel-Baptist-sale-PR


Buyer and Seller Make Big Plans, Share a Spirit of Cooperation

Bethel Baptist sale PRBethel Baptist sale PR

May 19, 2014 – Marlton, NJ – Wolf Commercial Real Estate (WCRE) is pleased to announce the successful sale of Bethel Baptist Church’s Shining Lights Early Learning Center at 1721 Springdale Road in Cherry Hill, NJ to The Jewish Federation of Southern NJ. This unique property comprises a 21,325 +/- square-foot school building with a full gym, stage, and kitchen, situated on a parcel of 18+/- acres. This prime and highly visible property is located on Springdale Road in the desirableBethel Baptist sale PReast side of Cherry Hill. Leor Hemo, executive vice president, WCRE, represented the seller, while the firm’s director of business development, Scott Seligman represented the buyer in this transaction.

Both the buyer and seller are excited about what this transaction means for their future plans. The Jewish Federation of Southern New Jersey intends to expand its community outreach and services through this acquisition, while Bethel Baptist Church plans to use the proceeds from this sale to help fund the construction of a new state-of-the-art daycare facility for Shining Lights Early Learning Center and an 8000 square-foot multipurpose expansion to the church on its primary property across Springdale Road. Both will be built by Big Sky Enterprises, LLC.

The parties were also pleased to have the opportunity to work together for their mutual benefit, and that of the broader community. Said Mike Moran, business administrator of Bethel Baptist, “God has provided both organizations the opportunity to enhance our current and future programs. WCRE has been instrumental in making this happen, professionally representing the interest of our church. We want to thank them for walking us through this process and ensuring that this property, which we have been blessed to use, will continued to be used for our community in a significant way.”

Brad A. Molotsky, president, Jewish Community Properties (the acquiring entity) added, “It has truly been a pleasure to collaborate with Bethel Baptist on this transaction. Responsive, fair, reasonable, professional, and very knowledgeable are just some of the adjectives I would use to describe their team and the process. We look forward to continuing and expanding upon our relationship with the church and to doing more mutually beneficial programming together in the future.”

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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GREAT OFFICE SPACE AND FLEX SPACE IN MOUNT LAUREL NJ

GREAT OFFICE SPACE AND FLEX SPACE IN MOUNT LAUREL 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 the next location for your business? Do you need to expand your space as your company expands? Or do you need some flexible space in a convenient location? Right now there is a beautiful opportunity in a modern building in Mount Laurel, NJ. There are options for both office space and flex space for lease. There’s 10,000 sq ft of office space available, and two flex spaces at 3,390 sq ft and 6,000 sq ft. Don’t wait, act now—this great opportunity is available for immediate vacancy!

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 Mount Laurel, New Jersey! Conveniently located close to Philadelphia, Camden, Routes 70 and 73, the New Jersey Turnpike, and I-295.

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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APRIL/MAY 2014 MARKET AND ECONOMIC CONDITIONS

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APRIL/MAY 2014
MARKET AND ECONOMIC CONDITIONS
By Adam B. Landau
Permit Capital Advisors, LLC

It has been almost two years since European Central Bank president Mario Draghi channeled Malcom X and his “by any means necessary” declaration (with an original nod to Jean-Paul Sartre) with his announcement that he would do “whatever it takes” to save the euro. We believe Draghi’s intervention represented a turning point in the Eurozone’s battle to maintain its common currency, as evidenced by the extent to which borrowing costs of the peripheral countries have since fallen. While there are still significant underlying economic and political problems that rest outside of ECB control, the hemorrhaging has been halted. Interestingly the more acute issues have moved to the core of the continent, as problems in Italy and France continue to fester, with both countries facing double-digit unemployment and triple-digit debt-to-GDP levels. The good news is that both countries have recently appointed promising new prime ministers with liberal economic views.

Regardless of these political developments, the region is still certainly vulnerable to a significant external shock. This could be delivered by further movement of Russian forces into Eastern Ukraine, and the resulting economic sanctions that the EU would be forced to impose. While we don’t ignore these risks, we also make an attempt to keep them from taking a stranglehold on our investment decisions. We have seen the damage done in recent years to investors who got bogged down in macroeconomic and geopolitical concerns – as fear of not only the euro crisis, but also the fiscal cliff, debt ceiling, Chinese growth, and assorted other issues have kept many retail and institutional portfolios severely underinvested relative to their strategic targets.

Howard Marks, Chairman of Oaktree Capital Management who is known in the investment community for “memos to Oaktree clients”, recently wrote in one of his missives about the difficulties that accompany an investment strategy crafted in the face of fear. Marks stated that, “Most great investments begin in discomfort. The things that most people feel good about – investments where the underlying premise is widely accepted, the recent performance has been positive and the outlook is rosy – are unlikely to be available at bargain prices. Rather, bargains are usually found among things that are controversial, that people are pessimistic about, and that have been performing badly of late.” Where supported by fundamentals, we like finding such investment opportunities, and recognize that this strategy is built for long-term success rather than quarterly victories defined by low tracking error. Today, we believe that investing in Europe has become a more attractive relative proposition based in part on both ongoing investor skepticism, and continued momentum with respect to economic growth.

On our shores, the recovery has been steady, slow, and atypical in its composition. There is some evidence for the belief that the pace of growth could pick up over the second quarter, and second half of this year. The whisper number among strategists is that 2Q GDP in the U.S. could be 3.5%. The private sector has delivered 3.4% annual growth since 2009 , and a slowing of public-sector retrenchment should allow overall growth to gravitate towards this figure. We are already seeing the fiscal drag easing faster than expected. It is happening around the world, but the biggest change is in the U.S., where the impact of last year’s tax hikes and across-the-board spending cuts, or “sequester”, has largely passed. This is seen in CBO data that estimates that the deficit in this country will fall by around 1% of GDP in 2014 after declining by 3% of GDP in 2013. By next year the reduction in the deficit will be negligible. Further, labor market conditions appear to be strengthening, as evidenced by data that goes beyond the payroll numbers. In recent months, temporary employment has started to increase at a faster pace, which has a history of leading to bigger bumps in the number of permanent hires. Importantly, the employment-to-population ratio (the proportion of the civilian non-institutional population aged 16 years and over that is employed) continues to rise, indicating that more people are finding jobs. The figure now sits at the highest level since July 2009.

One caveat to the optimistic projections of growth going forward is that it will likely have to take place without much of a contribution from housing. The housing recovery has stalled, at least temporarily, due primarily to two issues: the effects of the severe winter weather and last year’s rise in mortgage rates from 3.5%-3.75% to roughly 4.3% today. In March, single-family new home sales fell by 14.5% for the month, and 13.3% against March 2013 figures. Low inventory is another problem, as roughly half of homeowners that normally would be selling, are not putting their homes on the market, stating that they’re not in a “financial position to sell their homes” right now. The explanations vary: 19% say low equity in their home, 16% say they are locked into low mortgage rates they don’t want to give up, and 14% bought their homes less than seven years ago and deem that it is too soon to sell. However, this is not as significant of a hurdle as it once was, as residential investment currently accounts for 3.1% of GDP, which is less than half its peak of 6.6% in 2006. A 7.9% annualized fall in residential investment in the fourth quarter of 2013 subtracted 0.3 percentage points from GDP growth, and estimates suggest that the impact will be flat in the first half of this year.

While the for-sale housing market is experiencing fits and spurts, the rental market and other pockets of the commercial real estate market remain robust. There is access to an abundance of debt for developers with strong track records, and there is capital looking for yield. The value found in opportunities varies widely from market to market, but where properly identified and researched, it can play an important role in a diversified portfolio. While cap rates are not generally high, the safety of yields and level of prospective returns are attractive where teams with proven management capabilities can add acquisition and operational value. One of the most attractive aspects of real estate investments in today’s world is that they have historically exhibited low correlations to both equities and bonds over longer time horizons. Their performance is more likely to be driven by GDP growth, as well as supply and demand dynamics in specific markets. We believe that a portfolio of commercial real estate, ideally diversified across property types (multi- family housing, retail, office, industrial), can provide both current cash flow as well as future growth. Particularly in the secondary markets of the Mid-Atlantic region, where undermanaged properties and inefficient capital structures can be a catalyst to immediate value creation.

About Adam Landau

Adam Landau is Chief Executive Officer and Chief Investment Officer of Permit Capital Advisors, LLC. He has 15 years of experience evaluating investment managers, developing asset allocation strategies, and coordinating the process by which the two disciplines are merged. Visit http://www.permitcapital.com to see how Adam and Permit Capital Advisors, LLC can

permitcapital

 

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RETAIL SPACE FOR SALE IN GREAT SOUTHERN NJ LOCATION

RETAIL SPACE FOR SALE IN GREAT SOUTHERN NJ LOCATION

Wolf Commercial Real Estate, a full-service New Jersey commercial real estate brokerage firm that specializes in South New Jersey commercial real estate, medical space, office space, and commercial parcels, is the right choice for property in NJ. We offer best-in-class brokering for companies and individuals looking for office space and other commercial property. We’re your top choice for commercial land and developed space in New Jersey.

Are you looking for a great investment in real estate in New Jersey? There’s never been a better time to buy southern New Jersey office space. And right now there’s an amazing location for sale in southern NJ. There’s 7,720 square feet of office space for sale in downtown Medford, NJ, offering a great location for any company needing office space. The best part is that the office space is 100% leased, meaning you’ll be collecting rent right away!

This great investment opportunity in southern NJ real estate is also very well-located at 668-676 Stokes Road Medford NJ. With an asking price of $675,000, or $87.43 per square foot, this office space offers a great return on investment, with a net operating income estimated at $65,852 for the upcoming year. If you’re looking to make a great real estate investment in southern NJ office space, there’s no better opportunity!

For more information about Philadelphia area commercial 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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Southern New Jersey Commercial Real Estate Transaction and Opportunity Round-Up

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Southern New Jersey Commercial Real Estate Transaction and Opportunity Round-Up

WCRE Announces New Lease Deals and Property Availabilities

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May 1, 2014 – Marlton, NJ – Wolf Commercial Real Estate (WCRE) recently consummated two lease transactions of note, and is announcing the availability of two significant new exclusive listings for tenants and investors. The new leases have brought Laboratory Corporation of America, known as LabCorp (NYSE:LH) to a premier office building in Marlton, NJ and Universal Hospital Systems (UHS) to a large warehouse space in Mount Laurel, NJ. WCRE has also been appointed exclusive leasing agent for the Heritage Square Shopping Center and Heritage Office Complex on Route 70 in Cherry Hill, NJ and exclusive sale agent for the Glendale Executive Campus in Voorhees, NJ, bringing multiple new opportunities to the market.

The South Jersey team exclusively represented a subsidiary of The Rothman Institute, RI Greentree Associates, LLC in the leasing of 2,200 sf of medical office space to Labcorp. This Class “A” medical office space located at 999 Route 73 in Marlton is a landmark property and location that is also home to Rothman Institute and Rothman Orthopaedic Urgent Care.

The Rothman Institute ownership entity acquired this trophy building from Brandywine Realty Trust in 2011, and recently completed major renovations to the interior and exterior. With the completion of this lease, this multi-tenanted property is now 95% leased, with only two vacant suites remaining for lease. One is 1,184 sf, and the other is 2,352 sf, and both are available for immediate occupancy. Jason Wolf and Leor Hemo of WCRE teamed up to represent both Landlord and Tenant on this transaction.

In another major tenant representation assignment, WCRE represented Universal Hospital Systems (UHS) in the leasing of 18,000 sf of premier warehouse space located at 8000 Commerce Parkway in Mount Laurel. This location provides easy access to Route 73, and is within close proximity to I-295 and the New Jersey Turnpike. The new tenant is a national leader in providing medical equipment management and service solutions to the healthcare industry. Leor Hemo and Todd Levin of WCRE teamed up with Fisher & Company to successfully complete this transaction. This property is now 100% leased.

WCRE is proud to have earned new exclusive leasing assignments of the Heritage Office Complex and Heritage Square Shopping Center, an office and shopping center situated in a park-like setting on Route 70 in Cherry Hill. This complex was acquired by Heritage Office, LLC in 2013. The new ownership recently completed extensive renovations and upgrades to modernize the property. Prospective office and retail tenants will enjoy the diversity of existing retail tenants, the availability of monument and pylon signage on Route 70, and close proximity to I-295, The New Jersey Turnpike, and Route 73. Leor Hemo, Chris Henderson, and Todd Levin are the WCRE exclusive leasing team on this project.

Finally, WCRE has been exclusively retained by SJS Realty Management to sell the Glendale Executive Campus located in the rapidly redeveloping heart of Voorhees. This investment opportunity comprises 52,466 sf in nine garden-style buildings spread over 5.61 acres. The campus is 74% leased, with 24 current tenants. It is conveniently located in a retail corridor experiencing an expansion, with abundant retail, restaurants, banks, professional offices and other amenities nearby. It features easy access to I-295 and the New Jersey Turnpike. Over the past year the surrounding area of this premier Voorhees project has benefited from significant redevelopment, including the Voorhees Towne Center, new retail pad sites along White Horse Road, and a soon-to-open First Republic Bank branch across the street from the subject property. Jason Wolf and Leor Hemo are the WCRE exclusive team on this project.

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.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, and www.southjerseyretailspace.com, www.phillyofficespace.com and www.phillyretailspaces.com

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PREMIUM VOORHEES NJ OFFICE SPACE FOR SALE

PREMIUM VOORHEES NJ OFFICE SPACE FOR SALE

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!

Is your company looking to expand? Do you need some more space to grow? Do you want to invest in your business—not only your employees and equipment, but also your assets? Or are you a real estate company looking to invest in office space? Buying an office building is a great way to accomplish all these goals! By investing in property, you’re not only giving your business the office space you need in southern New Jersey, but you’re also making an investment in real estate. And this office space in Voorhees NJ couldn’t be a better choice for a company looking to invest in office space!

A generous 52,466 square feet of office space is available for immediate occupancy in this office complex in Voorhees, New Jersey. With an occupancy rate of 74.2 percent, you won’t have to worry about filling your new office space. There are 24 rent-paying tenants. This amazing office space is located at 1000 White Horse Road in Voorhees NJ. It’s at a highly visible location with convenient access to I-295 and the New Jersey Turnpike.

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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