Markeim Chalmers represented both parties in the sale of 7050 Route 38 in Pennsauken. Conveniently located to Philadelphia and direct access to Admiral Wilson Boulevard Routes 38, 70 and 130, the buyer of this 28,000 SF property has received approval to redevelop the property as a 70-room hotel. The former medical technical school (The Omega Institute) offers great visibility in a highly trafficked region. The transaction closed on December 23, 2016 for a sale price of $875,000. For more information contact Fred Berlinsky at (856) 324-5190 / email@example.com or Kevin Burns at (856) 324-5191 / firstname.lastname@example.org.
Located in one of Cherry Hill Township’s heavily travelled business and residential area, the 4-story, 46,000 square foot office building at 20 Brace Road is now 100% occupied. Working in concert with Needleman Management, Markeim Chalmers finalized the long-term renewal lease to existing tenant Earp Cohn P.C. Attorneys at Law for 12,000 square feet. New tenant, SJS Title Company, leased the final 3,000 square feet within the building. For more information, contact Fred S. Berlinsky at Markeim Chalmers, email@example.com or 856-324-5190.
Fred S. Berlinsky, Markeim Chalmers President, and Seth Hersh, Vice President of the firm’s Retail Property Group, represented both the buyer and seller. The three centers sold at a sub 8% capitalization rate and provide a mix of local retail storeowners and national retailers.