CHERRY HILL, NJ—Wolf Commercial Real Estate completed three lease transactions bringing new tenants to the Colwick Business Center.
Colwick Business Center features three single story office buildings owned and managed by an affiliate entity of Endurance Real Estate Group LLC.
WCRE's team of Leor Hemo and Jason Wolf exclusively represented Endurance in the marketing and leasing of these properties, working collaboratively with each tenant's broker.
- 7,994 square feet of of?ce space to South Jersey Behavioral Health Resources Inc. Scott Martin of Markeim Chalmers represented the tenant.
- 2,600 square feet to MorphoTrust Usa Inc. Julie Kronfeld of NAI Mertz represented the tenant.
- 12,604 square feet to QMA, Inc. Dan McGovern of CBRE represented the tenant.
These new tenants will join The Philadelphia Inquirer, The Internal Revenue Service, and Urban Engineers, among others. Available remaining suites range in size from 15,025 to 51,853 square feet (divisible). The largest contiguous block of vacant space at 55 Haddonfield Road, is one of a very few premier vacancies over 50,000 SF in the area.
Endurance acquired Colwick Business Center last summer and made a major investment in improvements, recently completing exterior upgrades and securing NJ Transit bus service through the office park. The office complex features highly efficient suite layouts, private 24/7 access to each tenant suite, no loss factor, and ample parking. Ownership has committed to making substantial base building improvements and restored Colwick to its class-A campus environment and prestige.
“In the competitive Camden County leasing environment, we are excited to have executed on our business plan by absorbing 23,000 square-feet of office space in less than 12 months. We are pleased with the level of deal momentum and are optimistic about our pending activity,” says Benjamin Cohen, president of Endurance Real Estate Group.
Colwick Business Center is located just west of the Cherry Hill Mall on a stretch of Haddonfield Road that has recently undergone a massive redevelopment renaissance. The area features affluent residential communities, retail centers, hotels, and other amenities attractive to office tenants. The mall has been completely overhauled in the last few years, with the opening of Nordstrom and many other high end retail stores and restaurants such as The Capital Grille. There is currently a Super Wawa under construction in the immediate vicinity, which will further expand the retail corridor.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
