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Lumberton Airport Owner Sells Mixed-Use to Medford Company

PENNSAUKEN, NJ-Barbara Snyder, owner of the South Jersey Regional Airport in Lumberton, NJ, sold her mixed-use building on Magnolia Avenue here to Global Property Management, based in Medford, NJ. The purchase price was $170,000.

By Amy Vaughn | Updated on May 24, 2001

PENNSAUKEN, NJ-Global Property Management of Medford, NJ has paid $170,000 to acquire a 9,620 sf mixed-use building located at 5801 Magnolia Ave. here. Barbara Snyder, owner of the South Jersey Regional Airport in Lumberton, NJ, was the seller. RE/MAX Commercial Group brokered the sale.

Tom Wittman of RE/MAX was the sole agent for the transaction. The building itself is situated on 1.32 acres of land across from the Courier Post (a local daily newspaper covering communities in the South Jersey area) headquarters.

The mixed-use facility is comprised of 60% office and also features 15-foot clear ceiling heights and two drive-in loading doors. Global Property Management plans renovations to the space and reveals that one tenant will occupy the entire building. The sole tenant’s identity was not disclosed.

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