HADDON TOWNSHIP, NJ—CBRE has brokered the $2.975 million sale of the Wells Fargo Building at 600 W. Cuthbert Blvd. in Haddon Township, NJ.
Jim Pasquarella and Bill Tourtellotte of CBRE represented the seller, National Financial Realty - East Coast Portfolio, LLC.
“The seller was pleased to accomplish this sale in conjunction with their broader portfolio disposition objectives,” says Tourtellotte, senior vice president in CBRE's Philadelphia office. “This local property was part of a broader 14 property Wells Fargo occupied east coast dispo-
sition assignment, which we are concluding. The buyer was a private investor who we uncovered, who is new to commercial real estate. He was motivated to make a deal and now plans to upgrade the property and increase occupancy.”
600 W. Cuthbert is a 75,937 sq. ft. office building constructed in in two phases. A two story bank branch was completed in 1965, and the 6 story attached office building was completed in 1976. Wells Fargo is its sole tenant. They vacated the two-story bank branch portion of the property in 2012, which is now available for lease.
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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].
