The Markeim Chalmers team negotiated the recent sale of a 48,000 SF office building, representing both the Estate of Edna Ravikio (seller) and SFA 505 South Lenola Rd, LLC (buyer). The investment property at 505 S. Lenola Road in Moorestown, NJ is 90% occupied and the plans are for major
capital improvements. For more information contact Fred Berlinsky, Kevin Burns or Adam Dembo at Markeim Chalmers (856) 354-9700.
Initially sold by Markeim Chalmers Senior Vice President, Scott Martin, to the current seller, 1400 Route 70 LLC, back in July 2015, the Class A medical office building recently sold to Relievus, a team of doctors and professionals devoted to the art of pain management. The state-of-the-art facility is the company’s 17th location in South Jersey and was a natural fit for the multi specialty pain management practice that was looking for a building site with heavy branding opportunities. Scott Martin represented both parties in the sale that closed on December 21, 2016 for a sale price of $3,250,000. For more information contact Scott Martin at (856) 324-5195 / email@example.com.
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 / firstname.lastname@example.org or Kevin Burns at (856) 324-5191 / email@example.com.
Representing both parties, Kevin Burns of Markeim Chalmers negotiated the sale of a 22,000 SF industrial building at 514 N Read Street in Cinnaminson NJ between Robert Koen (seller) and NYC Surplus, LLC (buyer). At the time of sale, half of the building was leased to a local document storage company. The buyer, a merchandise distribution center, will occupy the remaining space and capitalize on its close proximity and easy access to Route 73, Route 130 and the Tacony-Palmyra Bridge for its logistics needs. The sale closed on December 8, 2016 for $515,000. For more information contact Kevin Burns at (856) 324-5191 or firstname.lastname@example.org.
Markeim Chalmers represented both parties in the full floor lease of 409 Route 70 in Cherry Hill. The tenant, Keller Williams Realty, will take 11,000 SF of space within the 22,000 SF office building as part of its expansion and plans for future growth. Located near the current office, this relocation offers the firm greater signage and recognition on a highly trafficked roadway. For more information contact Fred Berlinsky at (856) 324-5190 / email@example.com or Kevin Burns at (856) 324-5191 / firstname.lastname@example.org.
Markeim Chalmers’s president, Fred Berlinsky, represented the tenant in lease negotiations and execution at the former Star Group office at 220 Laurel Road within the Voorhees Town Center. The conveniently located 21,000 SF Class A building will be a part of the tenant’s continued growth. For more information contact Fred Berlinsky at (856) 324-5190 or email@example.com.
Kevin Burns of Markeim Chalmers represented the seller, The Guidance Center of Camden County, Inc., in the sale of 499 Cooper Landing Road to a local medical provider. Located directly across from Kennedy Hospital in Cherry Hill, the 12,000 +/- SF free-standing building will be converted into a state-of-the-art medical office space convenient to the hospital and its million dollar renovation. Working in conjunction with another broker who represented the buyer, 409 ROPA Realty, LLC, the sale closed on September 30, 2016 for $1,600,000. For more information contact Kevin Burns at (856) 324-5191 or firstname.lastname@example.org.
Markeim Chalmers represented both buyers in the sale of the Coastline Restaurant and its liquor license. Located at 124 Brace Road, the Cherry Hill landmark which sits on 3+ acres of prime real estate was purchased by Cherry Hill MC Real Estate LLC for $2,550,000. They will develop a 64-bed assisted living facility. The Coastline liquor license was sold separately to Woodcrest LLC for $1,050,000 and will be used at the Woodcrest Country Club in Cherry Hill. Both sales closed on February 5, 2016 for a total of 3,600,000. For more information contact Kevin Burns at (856) 324-5191/
A local private investor purchased 1.1 acres of land in Gloucester Township, New Jersey for its land value only and the purpose of a new development project to improve the surrounding area. Located at 1320 Blackwood-Clementon Road, the site is well situated at a traffic light controlled intersection along a highly traveled highway. The sale was negotiated on behalf of the buyer by Fred Berlinsky of Markeim Chalmers and closed on April 1, 2016 for $450,000. For more information contact Fred Berlinsky at (856) 324-5190 or email@example.com.
Kevin Burns of Markeim Chalmers represented both parties in negotiating the sale/purchase of the historic State Bank of Camden site located at 121 Market Street. The buyer, CI Architecture (www.City-Invincible.com), is a regional architecture, interior design and land planning firm, has plans to fully transform the 9,500 SF building interior and make it a state-of-the-art work workplace and looks to increase its involvement in the City renaissance both professionally and on the charitable side. The sale from owner, RFB Properties (a subsidiary of Republic Bank), closed on August 2, 2016 for $450,000. For more information contact Kevin Burns at (856) firstname.lastname@example.org.