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 email@example.com.
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 firstname.lastname@example.org.
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) email@example.com.
Local developer purchases 10,000+ SF bar and banquet facility located on 2.5 acres at the corner of Route 38 and Chapel Avenue in Cherry Hill, NJ. Purchased on speculation for future development, the site is conveniently positioned at a traffic controlled intersection between the Cherry Hill Mall and Garden State Marketplace with prominent signage. The sale, which included an existing liquor license, closed on May 23, 2016 for $2,200,000. Both parties to the transaction were represented by Fred Berlinsky and Kevin Burns of Markeim Chalmers. For more information contact Fred Berlinsky at (856) firstname.lastname@example.org or Kevin Burns at (856) email@example.com.
Markeim Chalmers represented Allcol Surgery Holdings, LLC in the sale of Centennial Medical Center, a 48,000 SF medical office building and home to a 24,000 SF ambulatory surgery center, in Voorhees, NJ. Scott Martin, Senior Vice President and head of the Markeim Chalmers Healthcare Property Group, is a recognized expert in the region’s healthcare real estate market. Scott was retained as the listing agent for the building to lease up the vacant space and secure a buyer for a sale/leaseback of the entire building. Scott along with Kevin Burns of Markeim Chalmers, successfully closed the sale to GAHC3 Voorhees NJ MOB, LLC, a subsidiary of American Healthcare Investors which is one of the largest privately held healthcare REITS in the country. The sale was finalized on July 8, 2016 for the amount of $11.3 million, or $235/SF. For more information contact Scott Martin at (856) firstname.lastname@example.org or Kevin Burns at (856) email@example.com.
A South Jersey company for more than two decades, Johnson’s Powder Coating relocated from Burlington and signed a long-term lease for 7,500 SF of industrial space in Berlin, New Jersey. The tenant chose the location for its great accessibility, high traffic count and prime frontage on Route 73, one of the region’s busiest highways. For more information, contact Adam Dembo at Markeim Chalmers, firstname.lastname@example.org or 856-324-5194.
CP Haddon & Copewood LLC, which is a Camden Prep School run by Uncommon Schools, has purchased 3.9 +/- acres of vacant land at the corner of Haddon Avenue and Copewood Street in Camden, NJ. Located adjacent to the PATCO Ferry Avenue Station and Our Lady of Lourdes Medical Center, their plans including building a new charter school in the city. This furthers the mission of Uncommon Schools, which starts and manages outstanding urban charter public schools that close the achievement gap and prepare low-income students to graduate from college. For more information, contact Kevin Burns at Markeim Chalmers, email@example.com or 856-324-5191.
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, firstname.lastname@example.org 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.