MARLTON, NJ-WCRE has picked up the exclusive assignment to lease most the southern New Jersey portfolio recently acquired by Somerset Properties.
Last year, WCRE became exclusive agent for four Somerset-owned buildings. Now WCRE will assume leasing responsibilities for an additional 13 buildings, nine of them located in the Greentree North Corporate Center in Mount Laurel, and the others in the Marlton Crossing Office Park here.
The new assignment totals 584,028 square feet. Somerset Properties now owns 1.5 million square feet in southern New Jersey.
“Somerset Properties is a very community-focused and entrepreneurial operator, and their expansion is setting a bullish tone for our market,” said WCRE principal Jason Wolf. “We see endless possibility in the properties they have entrusted to WCRE, and we are excited to connect new tenants to that vision.”
The nine Mount Laurel properties are located on Commerce Parkway, providing direct access to Route 73 and easy access to I-295, the New Jersey Turnpike, and Route 70. 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. Available vacancies range from 2,000-34,000 square feet.
The four Marlton properties are located on Lippincott Drive, which is directly off of Route 73, with access to I-295, the New Jersey Turnpike, and Route 70. These properties are also surrounded by retail centers, including restaurants and The Promenade at Sagemore. There is a walking/jogging path within the office park. Vacancies within the buildings range from 3,979 SF to 14,000 SF.
WCRE's leasing team of Wolf, Leor Hemo, Christina Del Duca and Todd Levin will handle the assignment.
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