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Kaiserman Company Appoints WCRE as Exclusive Agent

KAISERMAN COMPANY APPOINTS WCRE AS EXCLUSIVE AGENT FOR 237,000 SQUARE FOOT SOUTHERN NEW JERSEY RETAIL & OFFICE PORTFOLIO

Wolf Commercial Real Estate (WCRE) is pleased to announce that it has been appointed exclusive agent by Kaiserman Company, Inc. for their Southern New Jersey office and retail holdings comprising approximately 237,000 square feet. The leasing team of Jason Wolf and Leor Hemo will be overseeing the project for Kaiserman.

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Kaiserman has been acquiring, developing, and managing real estate for more than 90 years. The privately-owned company believes in holding properties for the long term. It is headquartered in Center City, Philadelphia, and currently owns and manages more than 2.5 million square feet of premier office, commercial, and residential properties in the Delaware Valley.

“The Kaiserman Company has a nearly century-long legacy of excellence in property ownership and management in this region, and WCRE is excited to have the opportunity to represent their Southern New Jersey holdings,” said Jason Wolf, founding principal of WCRE.

Property Highlights

Kevon Office Center, Pennsauken, New Jersey

kaisermanThis well located 100,000 square-foot, four-story office building, located at 2500 McClellan Boulevard in Pennsauken NJ, has suites available from 1,596-7,632 rentable square feet.

“This property is in an excellent location, five minutes from Philadelphia via the Ben Franklin Bridge, and just a short walk away from Cooper River Park,” said Leor Hemo, executive vice president, WCRE. “It is situated near a wide array of shopping centers, restaurants, convenience stores, and service establishments, providing for an ideal office environment.” The property sits immediately off Route 70, providing convenient access to Routes 38, 70 & I-295.

Kevon Office Center is an Energy Star-certified building that offers a beautiful grand entrance, a three-story sunlit glass atrium lobby area, employee picnic area, and a beautifully landscaped exterior. This well-managed building also provides on-site maintenance personnel, an on-site café and newly renovated common areas.

The asking lease price is $17.50/sf Full Service. A marketing brochure is available upon request.

Barclay Farm Shopping Center, Cherry Hill, New Jersey

kaiserman2The Barclay Farm Shopping Center is an 83,000 square foot retail property conveniently located on the well-traveled Route 70 in affluent Cherry Hill, New Jersey, close to Kings Highway, I-295 and the New Jersey Turnpike.

A limited number of retail units are currently available in this attractive complex. Current tenants include a wide range of national and locally owned retail, service, and food establishments, including Manhattan Bagel, The UPS Store, M&T Bank, The Cherry Grill, Asian Food Markets, and Jacobs Music Company.

This highly visible retail location also offers pad sites available fronting along Route 70, a large parking lot, wide sidewalks, highly visible signage, and is within close proximity to many high-traffic retailers. Additionally, the façade and lighting are scheduled to be updated in 2017.

The asking lease price is $16.00/sf NNN. A marketing brochure is available upon request.

Barclay Pavilion, Cherry Hill, New Jersey

kaiserman3The Barclay Pavilion is a 54,000 square foot mid-rise office building offering office units of various sizes for lease. This well-located property is ideal for professionals and health care providers. The office space available for lease is wrapped around a tranquil center courtyard. The Pavilion is conveniently located adjacent to the restaurants and shops of the Barclay Farm Shopping Center. The Pavilion, supported by ample parking, is conveniently located on well-traveled Route 70 in affluent Cherry Hill, New Jersey close to Kings Highway, I-295 and the New Jersey Turnpike. A 10,000-plus square foot pad site is also available for build-to-suit leasing.

The asking lease price is $14.50/sf full service. A marketing brochure is available upon request.

About Kaiserman Company

Kaiserman Company is a full-service commercial real estate company that owns and operates a wide range of property types. Kaiserman Company strives to own, operate and manage the most carbon-responsible properties possible, yielding the greatest value for owners, tenants, and investors, while maintaining safe, comfortable, and innovative places to live and work. Kaiserman aims to provide best-in-class service, attract a skilled and ambitious workforce, and serve as a model for green operations, positive tenant relations, and efficient management. Learn more about Kaiserman Company at www.kaiserman.com

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 www.southjerseyofficespace.com, www.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, www.southjerseyretailspace.com, www.cherryhillretailspace.com, www.cherryhillofficespace.com, www.phillyofficespace.com, www.phillyindustrialspace.com, www.phillymedicalspace.com and www.phillyretailspace.com.

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WCRE APPOINTED EXCLUSIVE AGENT FOR 1004-1026 SPRING GARDEN STREET IN PHILADELPHIA

WCRE APPOINTED EXCLUSIVE AGENT FOR 1004-1026 SPRING GARDEN STREET IN PHILADELPHIA

New Assignment Adds to Firm’s Growing Engagement in Pennsylvania

1004-spring-garden

1004-1026 SPRING GARDEN PRESS RELEASE PDF


November 7, 2016 – Marlton, NJ –
WCRE is pleased to announce its appointment as exclusive leasing agent for 1004-1026 Spring Garden Street in Philadelphia. The property is the former Union Transfer Annex, and is located in the heart of the Spring Arts district. It consists of more than 9,000 square feet, with highly visible street frontage. The lively, walkable neighborhood includes the Union Transfer music venue, new apartments and restaurants on Avenue of the Arts North, and the Reading Viaduct Park in Callowhill, which started construction last week. Next door is 990 Spring Garden, which hosts office space for creative businesses. The area has ample street parking, and is highly accessible to multiple public transit lines.

“WCRE is proud to offer this location in one of Philadelphia’s fastest-growing neighborhoods,” said Leor Hemo, executive vice president of WCRE. “We look forward to applying our WCRE 360 marketing approach to find a new user for this highly-desirable property.”

A marketing brochure 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 & 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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WCRE APPOINTED EXCLUSIVE AGENT TO SELL FORMER FRIENDS ACADEMY OF WESTAMPTON

WCRE APPOINTED EXCLUSIVE AGENT TO SELL FORMER FRIENDS ACADEMY OF WESTAMPTON

315 Brige
Press Release PDF

June 28, 2016 – Marlton, NJ – Wolf Commercial Real Estate (WCRE) is pleased to announce that it has been appointed exclusive agent to sell the former Friends Academy of Westampton, located at 315 West Bridge Street, Westampton, New Jersey.  The listing adds to WCRE’s growing number of assignments for the sale of educational and institutional properties in the region.

315 West Bridge Street consists of more than 28,000 square feet in four buildings on an 11-acre site.  The former school complex has a campus-like atmosphere with classrooms, offices, and full-sized basketball courts, in addition to conference space and a library.  The complex was initially constructed in 2004, and has ample room for expansion.

David Jones, Board Member and Clerk for Friends Academy of Westampton said, “We were searching for experienced commercial real estate firms who were knowledgeable about local demographics and school properties.  WCRE stood out because of their extensive experience working with schools and a breadth of knowledge of the local real estate market.  They also understood our values and showed sensitivity concerning our position and desires.”

WCRE’s sales team of Chris Henderson and Leor Hemo said, “WCRE is proud to partner with Friends Academy as our latest relationship in Southern New Jersey.  We look forward to applying our WCRE 360 marketing approach to find a new user for this highly-desirable property.”

A marketing brochure 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 & 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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Philadelphia vs. Camden?

Philadelphia vs. Camden?

The battle for new business.

Philly vs Camden

Following the passage of the New Jersey Economic Opportunity Act in 2013, a number of high-profile developments and corporate relocations in Camden have made front-page news. Attracted by public incentives, Subaru and the Philadelphia 76ers have announced moves to downtown Camden. Liberty Property Trust is also planning a nearly $1 billion multi-use development, with more than 1.7 million square feet of office, retail, and housing in two towers on the Camden waterfront.

As the regional business community gathered in recent months to assess the coming year, many questioned whether the explosive growth in Camden could hamper business attraction efforts or eclipse developments in Philadelphia. The consensus seems to be that, for the next few years, public incentives will make Camden an attractive alternative.

The 2013 New Jersey Economic Opportunity Act amended and consolidated economic incentive programs to encourage development for specified uses in designated areas of the state.   The two most prominent programs offered by the New Jersey Economic Development Authority (NJEDA) are:

  • The Grow New Jersey Assistance Program (Grow NJ), which provides incentives to employers for job creation and retention; and
  • The Economic Redevelopment and Growth (ERG) Program, which provides incentives to developers for qualified projects.

Both programs take the form of tax credits, and will be accepting applications through June 30, 2019.

Grow NJ offers credits of $500 to $5,000 per job created for projects in eligible locations which meet capital investment and job creation/retention benchmarks. The ERG program provides incentives to developers for up to 30-40% of an eligible project’s total development cost. Both programs have intricate requirements for defining eligible costs and calculating economic impact and job growth. In addition, both programs offer additional bonuses or lowered eligibility thresholds for projects with specified uses and/or located in designated geographic areas.

How does this compare to incentives offered in Pennsylvania? Pennsylvania offers a mix of grants, low-cost loans, tax abatements, and tax credits, administered through many different agencies. Major projects tend to be awarded incentives on a more ad-hoc and project specific basis, making the pursuit of incentives a more intense process for developers. Traditionally available incentives such as the Redevelopment Assistance Capital Program (RACP) have experienced reduced growth over the last few years, while newly-enacted programs such as the Multi-Modal fund have made grants available for transportation-related projects.

New Jersey’s state incentives are largely streamlined under the NJEDA programs. Tax credits can be used over ten years and, unlike many Pennsylvania programs, are generally transferable. According to the NJEDA, statewide there are 160 active Grow NJ projects with awards totaling $3.1 billion, and 42 active ERG projects with awards totaling $819 million. Compared to available Pennsylvania incentives, New Jersey’s spending represents significant competition.

No one has suggested that Camden’s growth heralds a downturn in Philadelphia. Over the past decade, Philadelphia has experienced strong growth in the multi-family market, increased population in its downtown, and a higher retention of graduating students. The “meds and eds” sectors will continue to drive growth, and major projects are on the horizon in University City and Market East. However, until the Grow NJ and ERG programs close in 2019, generous incentives will make Camden a legitimate player in the ongoing effort to attract major businesses.

For more information about Philly or New Jersey office space, Philly or South Jersey retail space or other Philadelphia and Southern New Jersey commercial properties, please call 215-799-6900 or 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) Leor Hemo (leor.hemo@wolfcre.com) or Lee Fein (lee.fein@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm with expertise in Philly office space and Philly retail space.

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia and South Jersey commercial real estate broker that specializes in Philadelphia and Southern New Jersey commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly and New Jersey office space or Philly and South Jersey retail space with the Philadelphia and Southern New Jersey commercial properties that best meets their needs.  As experts in Philadelphia and New Jersey commercial real estate listings and services, the team at our Philadelphia and South Jersey commercial real estate brokerage firm provides ongoing detailed information about Philadelphia and New Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly or Camden office space or Philly or Camden retail space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

For More Information Contact:

transfer-taxes
Anthony V. Mannino, Esq.

P: 215 799 6900

D: 215 799 6140

F: 856 283 3950

M: 215 470 6084

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WCRE Appointed Exclusive Agent for Three Southern New Jersey Shopping Centers

WCRE was recently Appointed Exclusive Agent for Three Southern New Jersey Shopping Centers for Urban Edge Properties, CGI Companies and The Jemstone Group. (View PDF)

southern-new-jersey-shopping-centers2

November 11, 2015 – Marlton, NJ – The retail practice at Wolf Commercial Real Estate (WCRE) is experiencing growth and expansion along with the firm’s other areas of focus. WCRE is pleased to announce it has been appointed exclusive agent to market three shopping centers for lease in Southern New Jersey. Urban Edge Properties has engaged the firm to market Plaza 42 in Turnersville, which is anchored by Kohls, Ashley Homestore, and Sears Home Appliance Showroom. The Jemstone Group, LLC, has hired WCRE to market available space within Circle Plaza in Egg Harbor Township, which is anchored by TJ Maxx. Also CGI Companies has selected WCRE as exclusive leasing agent for its Fries Mill Shopping Center in Turnersville, a 14,800 square foot retail center.

“We are excited to see our retail presence growing at WCRE. Under the leadership of executive vice president Leor Hemo and our team, I am confident we will be very successful in the marketing of our clients’ shopping centers,” said Jason Wolf, managing principal of WCRE.

Property Highlights:

Plaza 42- 5851 Route 42, Turnersville, NJ:

Plaza 42 is an approximately 207,723 +/- sf shopping center located in Turnersville along Route 42. It is anchored by Kohls, Ashley Homestore, PetSmart, Dollar Tree, and Sears Home Appliance Showroom. Vacancies range from 1,119 sf to 8,000 +/- sf, allowing for tremendous variation and potential. The center is easily accessible from I-295 and the Atlantic City Expressway. Information is available upon request.

About Urban Edge Properties
Urban Edge Properties is a real estate investment trust (REIT) that acquires, develops, owns, manages, and improves shopping centers in and on the edge of urban communities. Its owned portfolio comprises 14.9 million square feet across 83 properties, and it manages an additional five million square feet for other owners. Urban Edge’s core assets are concentrated in the Washington, DC to Boston corridor, and it has a presence in Puerto Rico and California. To learn more about Urban Edge Properties, please visit www.uedge.com.

Circle Plaza- 6716 Black Horse Pike, Egg Harbor Township, NJ:

This 59,788 +/- sf neighborhood center is centrally located off of the Black Horse Pike in Egg Harbor Township, NJ. The shopping center enjoys prime accessibility as well as visibility, with four points of ingress and egress due to entrances off both the Black Horse Pike and Washington Avenue. It is also conveniently located off Exit 37 of the Garden State Parkway. Anchored by TJ Maxx, the Circle Plaza includes tenants such as Payless, Rent-a-Center and many others. WCRE has been retained to market 2,653 square feet for lease within the shopping center. Information is available upon request.

About The Jemstone Group
The Jemstone Group, LLC, is a commercial real estate company that focuses on the management, investment, acquisition and development of retail shopping centers in the Northeast. To learn more about The Jemstone Group, please visit www.thejemstonegroup.com.

Fries Mill Shopping Center – 245 Fried Mill Road, Turnersville, NJ:

This 14,800 +/- sf privately owned highly visible retail center is located at a signalized intersection within a high income residential area and surrounded by medical/professional offices. The property is located within close proximity to Kennedy & Virtua hospitals and offers between 1,600 and 7,000 sf of contiguous space (divisible) with a drive-thru on the end-cap. WCRE has been retained to market the remaining vacant spaces, all of which are available for immediate occupancy. Information is available upon request.

About CGI Companies
CGI Companies is a real estate development, leasing, and management firm headquartered in Brookline, Massachusetts. The firm currently operates several commercial properties, including shopping centers and office buildings, in four different states: Massachusetts, New Jersey, Pennsylvania, and North Carolina. To learn more about CGI Companies, please visit www.cgi-prop.com.

About WCRE
WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, medical, retail, 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, 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.turnsersvilleretailspace.com, www.phillyofficespace.com, www.phillyretailspace.com, www.phillymedicalspace.com, www.southjerseyofficespace.com, www.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, www.southjerseyland.com, and www.southjerseyretailspace.com.

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WCRE and Somerset Properties Report Active First Half of 2015, with Approximately 140,000 Square Feet of Completed Lease Transactions

WCRE and Somerset Properties Report Active First Half of 2015 (PDF)

August 3, 2015 – Marlton, NJ – WCRE and Somerset Properties have been making a noticeable dent in the amount of vacant commercial space in Southern New Jersey. The companies announced multiple lease transactions totaling approximately 140,000 sf so far this year. WCRE participated in six total leases within Somerset’s portfolio: three transactions at Greentree North Corporate Center in Mount Laurel, NJ, two at Marlton Crossing Office Park, 303 Lippincott Drive in Marlton, NJ, and one lease at Horizon Corporate Center, 3000 Atrium Way in Mount Laurel, NJ.

Jeff Arnold, regional manager at Somerset struck a positive tone last week speaking at Bisnow’s Future of South Jersey event. “The regional CRE market has been gaining strength for a while now, and I am optimistic we will continue to see growth,” he said.

WCRE’s leasing team of Christina Del Duca, Leor Hemo, Chris Henderson, and Jason Wolf exclusively represented Somerset Properties in the marketing and leasing of these spaces, working collaboratively with ownership and the entire brokerage community to successfully lease the following spaces.

  • New 61,612 square foot lease at 303 Lippincott Drive, Marlton, NJ to a major healthcare company.
  • 42,022 square foot lease renewal and expansion of 22,718 square feet at 3000 Atrium Way, Mount Laurel, NJ to a large bank.
  • New 13,998 square foot lease at 303 Lippincott Drive, Marlton, NJ to a financial services firm.
  • New 9,100 square foot lease and expansion at 16000 Commerce Parkway for corporate offices.
  • Renewal of 7,500 square foot lease at 16000 Commerce Parkway, Mount Laurel, NJ to an engineering firm.
  • New 6,000 square foot lease at 6000 Commerce Parkway, Mount Laurel, NJ for a fitness center.

Somerset entered the Southern New Jersey market in 2013 by acquiring Liberty Property Trust’s entire office/flex portfolio comprising approximately 1,500,000 square feet. Overall, the portfolio is approximately 89 percent occupied. Notably, 3000 Atrium Way is now fully occupied, and 303 Lippincott Drive is 97 percent leased, with one remaining vacancy of 2,700 SF that can accommodate a small corporate office user.

“Somerset Properties is a very community-focused and entrepreneurial operator, and their recent success has set a bullish tone for our market,” said Christina Del Duca, vice president at WCRE. “We have several pending deals heading into the third quarter, and we’re optimistic about the prospect pipeline for the properties Somerset has entrusted to our WCRE team.”

With many of the larger blocks of space in Burlington County being absorbed over the past few years, Somerset has put a strong focus on several large blocks of space that are available for lease. Greentree North has available spaces up to 31,000 square feet. Marlton Crossing Office Park’s single story office properties have available spaces from 2,700 to 12,000 square feet. 2000 Crawford Place has available spaces from 3000 to 9390 square feet.

The Greentree North Corporate Center 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 Greentree North 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.

The Marlton Crossing Office Park single story 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 Horizon Corporate Center, home to 2000 Crawford Place, is positioned in a beautifully landscaped corporate park with space available for immediate occupancy. The property has a new exterior façade and is easily accessible to Routes 73, 70, 38, I-295 & NJ Turnpike.

A marketing brochure for each of these properties is available upon request or can be viewed at www.WolfCRE.com.

About WCRE

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, medical, retail, 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, 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 and Instagram @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC.

Visit our blog pages at www.marltonofficespace.com, www.mountlaurelofficespace.com, www.southjerseyofficespace.com, www.southjerseyindustrialspace.com, www.southjerseymedicalspace.com, www.southjerseyland.com, and www.southjerseyretailspace.com.

About Somerset Properties

Somerset Properties is a full-service commercial real estate company that owns and operates five million square feet of space in five states. Since 1996 Somerset has been creating value for investors with its entrepreneurial approach to acquiring, managing, leasing, and developing commercial properties. Learn more about Somerset Properties at www.somprop.com

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