SOMERSET PROPERTIES EXPANDS WCRE RELATIONSHIP, AWARDING 13 NEWLY ACQUIRED OFFICE AND FLEX PROPERTIES
New Exclusive Agency Assignment Adds More than 584,000 Square Feet in
Marlton and Mount Laurel, New Jersey
February 4, 2014 – Marlton, NJ – WCRE is pleased to announce that it has been appointed exclusive leasing agent for a significant portion of the Southern New Jersey portfolio recently acquired by Somerset Properties. This is an expansion of the relationship which started last year, when WCRE became exclusive agent for four Somerset Properties-owned buildings. With Somerset Properties increasing its South Jersey real estate holdings, WCRE will assume leasing responsibilities for an additional 13 buildings, nine of which are located in the Greentree North Corporate Center in Mount Laurel, with the remaining four in the Marlton Crossing Office Park in Marlton. The new assignment totals 584,028 SF, and Somerset Properties has grown its presence in the market to 1,500,000 SF.
“Somerset Properties is a very community-focused and entrepreneurial operator, and their expansion is setting a bullish tone for our market,” said WCRE principal Jason Wolf. “We see endless possibility in the properties they have entrusted to WCRE, and we are excited to connect new tenants to that vision.”
The nine Mount Laurel properties are well located on Commerce Parkway, providing direct access to Route 73 and convenient access to I-295, the New Jersey Turnpike, and Route 70. Amenities within the corporate center include an on-site daycare center, and there are several restaurants, retail stores, banks, and hotels in the immediate area, including Greentree Square Shopping Center, East Gate Square, and the Moorestown Mall. Available vacancies range from 2,000 SF to 34,000 SF.
The four Marlton properties are located on Lippincott Drive, which is directly off of Route 73, with convenient access to I-295, the New Jersey Turnpike, and Route 70. These properties are also surrounded by an abundance of retail centers, including restaurants and The Promenade at Sagemore. Amenities include a walking/jogging path within the office park. The vacancies within these buildings range from 3,979 SF to 14,000 SF.
“The WCRE team has developed a unique and very effective marketing platform, and we are excited to expand our strategic partnership” said Jennifer Wierman, director of leasing at Somerset Properties.
The leasing team of Jason Wolf, Leor Hemo, Christina Del Duca and Todd Levin will be leading the effort.
The Greentree North Corporate Center properties are located in Mount Laurel, at:
- 6000 Commerce Parkway
- 9000 Commerce Parkway
- 11000 Commerce Parkway
- 12000 Commerce Parkway
- 14000 Commerce Parkway
- 15000 Commerce Parkway
- 16000 Commerce Parkway
- 17000 Commerce Parkway
- 18000 Commerce Parkway
The Marlton Crossing Office Park properties are located in Marlton, at:
- 301 Lippincott Drive
- 303 Lippincott Drive
- 400 Lippincott Drive
- 406 Lippincott Drive
A marketing brochure for each of these properties 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.southjerseyindustrialspace.com, www.marltonofficespace.com, and www.mountlaurelofficespace.com .
About Somerset Properties
Somerset Properties, headquartered in Lower Gwynedd, PA, is a full-service real estate company focused on development, investment and property management. Somerset Properties has regional offices located in Allentown, PA; Mount Laurel, NJ; Milwaukee, WI and High Point, NC. Somerset Properties currently owns and manages 5.2 million square feet of office, industrial and flex space in 4 regions of the US. Somerset Properties creates value for investors by BUILDING REAL PROPERTY SOLUTIONS with its entrepreneurial approach to acquiring, managing, leasing and developing commercial properties.
Learn more about Somerset Properties at www.somprop.com
