FMP Haddon Acquires Westmont, NJ Office Building

222 Haddon Avenue, Westmont, NJ

WESTMONT, NJ— FMP Haddon has acquired 222 Haddon Avenue in Westmont, Camden County, NJ. The new ownership group purchased this three-story, 27,000 square-foot multi-tenanted mid-rise office building from Lawland Associates, LLC. The price was not disclosed. Chris Henderson , senior associate at Wolf Commercial Real Estate exclusively represented the buyer in this transaction. This building has nearby access to the PATCO High Speed Line to Philadelphia, and is within close proximity to Philadelphia and the Cherry Hill business district. The walkable surrounding neighborhood is home to numerous amenities, including banks, restaurants, and retailers. “Our buyer was seeking a long-term income producing property with quality tenants. A deal of this size may be a good indicator that Southern New Jersey is an attractive market for institutional-level investors, and a sign that lenders are still bullish on stabilized assets in quality markets,” says WCRE’s Henderson . TD Bank and the law firm of Brown & Connery are key tenants in the building. Building on the successful relationship, the new ownership has retained WCRE to assist in the marketing and leasing of the remaining vacant suites, which range in size from 4,000-8,000 square feet.