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WCRE Appointed Exclusive Agent for Lions Gate Land Site in Voorhees

lions gate

Lions Gate, Voorhees, NJ

Wolf Commercial Real Estate (WCRE) is pleased to announce that it has been retained by SJF CCRC, Inc., trading as Lions Gate, an affiliate of Jewish Federation of Southern New Jersey, as exclusive agent for the future development of 801 Haddonfield-Berlin Road, Voorhees, NJ. The assignment includes exclusive listing and advisory duties for the site, which is adjacent to the Lions Gate Continuing Care Retirement Community, and is currently home to Golf Land.

The development parcel is located directly across from both Eagle Plaza and The Ritz retail centers and within walking distance of the newly constructed Patient First Urgent Care. The triangle shaped +/-12.348 Acre parcel sits on heavily trafficked Haddonfield-Berlin Road and includes more than 1,000 feet of frontage. This site benefits from superior demographics, prominent visibility, and ease of access via a traffic light and turning lanes from either direction.

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Lions Gate is considering all options, including a ground lease or a joint venture with a developer. “For us, this is about community. We will work to ensure that the entity that lands on this site will be a great addition to the neighborhood and a partner to Lions Gate,” said Jason Wolf, founding principal of WCRE.

This assignment adds to WCRE’s growing number of partnerships with institutional and healthcare clients in Philadelphia and Southern New Jersey. It is the firm’s second engagement with the Jewish Federation, having facilitated its 2014 purchase of the building now known as the Annex, a 21,325 square-foot school building situated on 18+/- acres on Springdale Road in Cherry Hill.

“We look forward to working with an organization whose values align so closely with ours,” said Susan Love, CEO of Lions Gate.

WCRE’s Anthony Mannino, Esq., Vice President of Corporate Strategies said, “WCRE is proud to partner with Lions Gate as our latest institutional relationship in Southern New Jersey. We look forward to applying our WCRE 360 marketing approach to find the right user for this highly-desirable property.”

WCRE’s institutional specialist team of Chris Henderson, Anthony Mannino, John Mozzillo and Jason Wolf will be working closely together with Lions Gate on this property initiative.

A marketing brochure is available upon request.

Learn more about Wolf Commercial Real Estate at www.wolfcre.com and Lions Gate at www.lionsgateccrc.org.

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 at www.wolfcre.com, on Twitter & Instagram @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com, www.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, www.southjerseyretailspace.com, www.phillyofficespace.com, www.phillyindustrialspace.com, www.phillymedicalspace.com and www.phillyretailspace.com.

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WCRE Appointed Exclusive Agent For 436,800 Square Foot Southern New Jersey Medical Office Portfolio

WCRE Appointed Exclusive Agent For 436,800 Square Foot Southern New Jersey Medical Office Portfolio

Wolf Commercial Real Estate (WCRE) is pleased to announce that it has been appointed exclusive agent by Welltower, Inc. for its Southern New Jersey medical office portfolio comprising approximately 436,800 square feet located in Moorestown and Washington Township, New Jersey. The leasing team of John Mozzillo, Chris Henderson, and Jason Wolf will be overseeing the project.

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Welltower (NYSE:HCN), a real estate investment trust (REIT), owns more than 1,400 properties in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of senior housing and post-acute communities and outpatient medical properties. With headquarters in Toledo, Ohio, the company currently has almost $30 billion in assets under management both inside the US and abroad.

“The healthcare sector has been one of the key drivers of growth in our market in recent years,” said Jason Wolf, founding principal of WCRE. “We are excited about this opportunity to market top tier medical office space for a high profile owner.”

Property Highlights

Virtua Health & Wellness Center, 401 Young Avenue, Moorestown, New Jersey

Built in 2012, this strategically located class “A” medical center is in the heart of Moorestown. The Health & Wellness Center consists of 181,236 SF, on three floors, and includes primary care, cardiology, radiology, urgent care, a fitness center, spa, and child care center. There are only two suites currently available measuring 3,940 and 4,709 rentable square feet.

Virtua Health & Wellness Center, 239 Hurfville-Cross Keys Road, Sewell, New Jersey

Virtua Health & Wellness Center in Washington Township is a 255,570 SF is a total health destination. Community members can exercise, relax with a massage, eat a heart-healthy meal, see their doctors, and undergo tests or procedures all in a single visit, without ever leaving the center.
The Health & Wellness Center offers a complete mix of services including but not limited to: Primary Care, Cardiology, Radiology, Surgery, Obstetrics and Gynecology, Urgent Care, and Lab Services. With a focus on preventing illness and maintaining good health, the Center is also a place to come to rejuvenate the well-being of body and mind with services like a fitness center and a spa. Currently, there are suites available ranging from 1,000 SF-14,000 SF.

“WCRE is an ideal partner, and their mix of professionalism, marketing vision, and connectedness to this market gives me confidence they will do very well representing our medical space portfolio in Southern New Jersey,” said Ryan Lewis, director of leasing for Florida and East Regions at Welltower.

About Wolf Commercial Real Estate

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 & Instagram @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com, www.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, www.southjerseyretailspace.com, www.moorestownofficespace.com, www.moorestownmedicalspace.com, www.phillyofficespace.com, www.phillyindustrialspace.com, www.phillymedicalspace.com and www.phillyretailspace.com.

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WCRE Regional Investment Market Update

Those of you that have been tracking the Southern New Jersey commercial real estate leasing market are well aware that we are approaching our 3rd consecutive quarter of decreasing office leasing activity. There are a few factors directly responsible for this, none of which include the word Brexit. 

Even with the slow-down in leasing activity, a flurry of active investors are looking to South Jersey and greater Philadelphia for better returns.  We’ve recently seen one investor that was not previously active in this market purchase multiple assets from major REITS, making it one of the top 5 owners (by square footage) of Class A Office properties.  This previously New York-focused investor completed at least 8 South Jersey acquisitions in 18 months – and may not have satisfied their appetite for investment properties in this market just yet! 

The example of this single investor/owner highlights a broader trend.  The continued demand for income-producing assets in and around Philadelphia is driven by the easy access to cheap capital, combined with better returns of 150+ basis points being achieved in South Jersey, offering a much more favorable risk profile when compared to markets such as NYC.  Many REITS are also exiting suburban properties to redeploy cash, thereby opening up opportunities for new-to-market investors. 

Right now, everyone is focused on the impact that Brexit and the upcoming U.S. Presidential Election could have on the markets.  From an investment standpoint, the real focus should be on volatility and uncertainty within a specific asset class.  Investors want to be certain, right?  Always.  

While we don’t all have a crystal ball, investors can still pay attention to research-based analytics to identify the appropriate risk/return profile.  At Wolf Commercial Real Estate (WCRE), that is what we do, all day, every day.  The ease of access to capital at historically low interest rates is greater than any time in the past 10 years.  At the same time, there are greater opportunities to purchase quality properties in a stable market.  The returns have never been greater for commercial real estate assets in Southern New Jersey and Philadelphia.   

WCRE can help you take advantage of this unique set of market conditions.  Our investment team has years of experience with a variety of asset classes in the region.  They can help you find just the right property to create better certainty, increased returns, and greater diversification to your real estate investment portfolio. 

If you are considering the sale or purchase of property as an investment vehicle, the professionals at WCRE can provide the right guidance and analysis to help generate the maximum return on your assets.

Please visit our website at www.wolfcre.com for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our New Jersey and Pennsylvania commercial real estate brokerage firm.

For More Information Contact:

transfer-taxesAnthony V. Mannino, Esq.

P: 215 799 6900

D: 215 799 6140

F: 856 283 3950

M: 215 470 6084

Email Me>>>

 

For More Information Contact:

johntJohn T. Mozzillo

P: 856 857 6300

D: 856 857 6304

F: 856 283 3950

M: 856 816 6973

Email Me>>>

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Breathless over Brexit: What will it mean for U.S. Commercial Real Estate?

Breathless over Brexit: What will it mean for U.S. Commercial Real Estate?

As the world markets reacted to last week’s decision by U.K. voters to leave the European Union, one of the many potential economic impacts is the effect on U.S. commercial real estate.

For the foreseeable future, the only thing certain is uncertainty – which traditionally drives investors to seek out stability.  U.S. commercial real estate will continue to be an attractive and stable investment for many sources of capital.  In fact, as the fallout from the Brexit vote was driving down markets last Friday, many REITs were actually trading higher.  Market volatility and the stronger dollar also mean that a long-anticipated increase in interest rates will likely be on hold until the dust settles, ensuring continued access to money at current levels.

The possible negative impacts on the commercial real estate industry are less certain.  The comparatively stronger dollar could mean an increased cost of capital for some foreign investors, particularly from Europe and the U.K., potentially reducing some sources of investment.  New trade barriers – real or anticipated – could also lead to diminished exports, adversely impacting export-dependent businesses and related asset classes.

Any negative effects may take some time to materialize, if at all, especially when considering that the process of withdrawal could take a number of years.  Overall, interest rates will remain low in the near term, and investors from Asia and the Middle East will continue to find U.S. real estate attractive.  Increased demand for investment properties could also open up new opportunities outside of high-profile areas such as New York.

Real estate aside, U.S. investors might take one small comfort in the Brexit fallout:  with the pound trading at 31-year lows, traveling to the U.K. has not been this cheap in decades.

If you are considering the sale or purchase of property as an investment vehicle, the professionals at WCRE can provide the right guidance and analysis to help generate the maximum return on your assets.

Please visit our website at www.wolfcre.com for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our New Jersey and Pennsylvania commercial real estate brokerage firm.

For More Information Contact:

transfer-taxesAnthony V. Mannino, Esq.

P: 215 799 6900

D: 215 799 6140

F: 856 283 3950

M: 215 470 6084

Email Me>>>

 

For More Information Contact:

johntJohn T. Mozzillo

P: 856 857 6300

D: 856 857 6304

F: 856 283 3950

M: 856 816 6973

Email Me>>>

 

 

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WCRE ADDS SENIOR ASSOCIATE AND DIRECTOR OF INVESTMENT SALES

WCRE ADDS SENIOR ASSOCIATE AND DIRECTOR OF INVESTMENT SALES

John Mozzillo to serve expanding roster of clients at regional commercial real estate firm

Mozzillo Headshot

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June 22, 2016 – Marlton, NJ – Wolf Commercial Real Estate (WCRE) is pleased to announce the hiring of John Mozzillo, who will serve as Senior Associate and Director of Investment Sales.  Mozzillo brings more than a decade of management and leadership experience to complement the skilled team at WCRE. John joins WCRE to help lead the growth of its Investment Services and Brokerage platform.

As Senior Associate & Director of Investment Sales, John will specialize in providing best-in-class acquisition, disposition and re-capitalization services to institutional and private clients, developers, lenders and special servicers. He will also be responsible for the sale and leasing of office, healthcare, retail and industrial properties throughout Southern New Jersey and the Greater Philadelphia region, as well as various advisory and consultative services.

John Mozzillo was most recently an associate at JLL, where he provided a variety of real estate services to investors, landlords and tenants, including leasing and investment analysis. He previously served in leadership and sales roles for a technology start up and in the corporate services sector, working closely with both Fortune 1000 corporations and privately held companies.

“Each new member of our team strengthens our ability to meet specific needs and build even more successful relationships with our clients and community,” said Jason Wolf, founder and managing principal of WCRE. “John brings a valuable background as an entrepreneur, leader, and real estate professional that will allow WCRE to serve its clients in new ways.”

In addition to his professional accomplishments, Mozzillo exemplifies WCRE’s core values, especially commitment to the community.   He currently serves as a member of AQUA Corps, a regional non-profit that creates positive change in individuals from vulnerable populations and in the lives of volunteers who assist them

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 & Instagram @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at ww.southjerseyofficespace.com, www.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, www.southjerseyretailspace.com, www.phillyofficespace.com, www.phillyindustrialspace.com , www.phillymedicalspace.com and www.phillyretailspace.com.

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