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Building Successful Relationships

Three-Building Investment Sale

WCRE is proud to have exclusively represented Davis Enterprises in the disposition of their three-building 128,000 square foot light industrial portfolio in Maple Shade and Cherry Hill, New Jersey to Wharton Equity Partners.

 

The 3 properties sold are:

2091 Springdale Road, Cherry Hill, NJ (72,000 SF)

65-67 Old Kings Highway, Maple Shade, NJ (34,000 SF)

77 Old Kings Highway, Maple Shade, NJ (22,000 SF)

At the time of sale, this portfolio sale was 96% leased to 11 tenants. This recent acquisition offered the buyer the opportunity to acquire well-located flex and warehouse buildings in a highly demanded and densely populated sub-market. The properties are well located off major highways while also offering immediate access to Philadelphia via the Walt Whitman, Betsy Ross, and Tacony-Palmyra Bridges.

 

WCRE was the sole broker in this investment transaction and has been retained to exclusively market these flex/warehouse properties on behalf of the new ownership.

Sean Kelly, Senior Advisor at WCRE exclusively represented both parties in this transaction.

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