MARLTON, NJ—Wolf Commercial Real Estate has been busy in the first quarter, selling a 72,000 square-foot warehouse and leasing 100,000 square feet of space for Somerset Properties, a major client. It also backfilled space being vacated by Hill International at 303 Lippincott Drive as the engineering firm moves to Philadelphia.
WCRE represented Omega Engineering, Inc., which sold a 71,518 square foot warehouse facility at 600 Heron Drive, Bridgeport, NJ to 602 Heron Drive, LLC. The building occupies six acres within the Pureland Complex, one of the largest industrial parks on the east coast, has with more than eleven million square feet of distribution, manufacturing, and light industrial space on 3,000 acres.
WCRE represented Somerset Properties in multiple lease transactions totaling approximately 100,000 sf this quarter. WCRE participated in three transactions within the Greentree North Corporate Center in Mount Laurel, NJ, and two additional deals at Somerset's building at 303 Lippincott Drive in Marlton, NJ. Greentree North is one of the only remaining office parks in Burlington County that offers large contiguous blocks of office space, ranging in size from 9,000 to 31,000 square feet. 303 Lippincott Drive is now 97 percent leased, with one remaining vacancy of 2,700 SF that can accommodate a small corporate office user. The building is part of the Marlton Crossing Office Park, which has six remaining vacancies from 2,700 to 12,000 square feet.
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