East Gate Business Center, Mount Laurel, NJ

MOUNT LAUREL, NJ—Strategic Funding Alternatives LLC has added to its Southern New Jersey commercial portfolio with the purchase of the nearly 116,000-square-foot East Gate Business Center here.

The Moorestown, NJ-based firm purchased the eight-building property from Eastgate Business Center, LLC, according to commercial brokerage firm NAI Mertz.

Scott Mertz, SIOR, president; John Adderly, executive vice president-managing director; Rebecca Ting, SIOR, senior vice president; and Julie Kronfeld, SIOR, vice president of NAI Mertz; represented the seller in this transaction.

East Gate Business Center is located on approximately nine acres on Gaither Drive in the heart of Mount Laurel. The complex is currently 94% leased to tenants that include NJ Default Group, LLC, Terminix International Co., The McSweeney Agency and Starlight Homecare Agency.

SFA managing principal, Jeffery Schneider says, "As we continue to expand our footprint in the South Jersey commercial real estate market, the East Gate Business Center represents further diversification within our property portfolio."

He adds that the firm plans a number of capital improvements at its newly acquired property including upgrades to signage, common area and landscaping improvements to the business center.

Privately-held Strategic Funding Alternatives, which was founded in 2016, has a portfolio of 23 properties totaling more than 1 million square feet.