Fourth Quarter Report: Solid Growth in South Jersey Commercial Real Estate Market Indicates Even Stronger 2014

south-jersey-industrial-spaceThe South Jersey commercial real estate market experienced solid growth in 2013, despite some moderation in leasing activity in the fourth quarter, indicating an even stronger market in 2014, according to a new quarterly market analysis from Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services for South Jersey industrial space and other South Jersey commercial properties.

 

The Southern New Jersey commercial real estate market experienced many positive trends during the fourth quarter and the year, again proving its resiliency the South Jersey commercial real estate brokerage firm reported.

 

“Total leasing activity was slightly off this quarter compared with the fourth quarter of 2012, but we saw 14.5% growth in activity in our market in 2013,” said Jason Wolf, founder and principal of Wolf Commercial Real Estate. “As exciting as it is to report this surge, based on the conditions in place, we expect 2014 to be even stronger.”

 

It was a busy fourth quarter for the South Jersey commercial real estate market, with further stabilization of rents, a pending mega-deal for a 24-building portfolio of South Jersey office space and South Jersey flex space, and a great deal of prospecting setting up a high number of transactions that will consummate in the early part of the new year, according to the fourth quarter report from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

 

South Jersey industrial space and other South Jersey commercial properties saw approximately 374,121 square feet of new leases and renewals executed in the three counties surveyed, a drop of nearly 1.7% compared to the fourth quarter 2012. But for the year, the report said, there was +/-1,625,190 square feet of total Southern New Jersey commercial real estate market activity, compared to +/-1,419,276 square feet in 2012. Notably, expansions and new deals remained strong this quarter, with net absorption at approximately 102,294 sf.

 

In part, the continuing nationwide economic rebound powered the strong demand in the South Jersey commercial real estate market, the Southern New Jersey commercial real estate brokerage firm reported. The stock market achieved several record high closes, ending the year up 26%, and both New Jersey’s and the nation’s unemployment rates improved. New Jersey’s unemployment rate dropped nearly two full points during 2013, ending the fourth quarter at 7.8%. The national unemployment rate stood at 7% at year-end 2014.

 

The two most noteworthy developments in the quarterly report were the further reduction of the region’s vacancy rate for South Jersey industrial space and other South Jersey commercial properties, which now is down to approximately 15%, and Liberty Property Trust’s (NYSE: LRY) announcement that its entire portfolio of South Jersey office space and South Jersey flex space in the region was put under agreement. The portfolio of South Jersey office space and South Jersey flex space comprises 1,188,285 square feet in 24 buildings.

 

Among the Southern New Jersey office space market highlights reported by Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm specializing in South Jersey commercial real estate listings and services:

 

• Average rents for Class A & B South Jersey office space continue to show strong support in the range of $11.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $11.00-$11.50/sf NNN or $21.00-$21.50/sf gross for the deals completed during the fourth quarter. This is essentially unchanged from the previous quarter.

• Moorestown, Marlton and Mount Laurel (3M) continued to show strength, while Voorhees, Pennsauken, and the west side of Cherry Hill carried a large share of the region’s vacancies. Overall, Burlington County’s vacancy rate in the Southern New Jersey commercial real estate market was significantly lower than Camden County’s.

• A very active pipeline of deals for Southern New Jersey office space was in place at the end of 2013 and will be completed soon, covering approximately 400,000 sf.

• All of the major private owners and REITS showed a significant increase in prospect activity for the quarter, and are all cautiously optimistic for 2014.

In addition, the Southern New Jersey commercial real estate broker reported cautious optimism among owners in the South Jersey retail space market as the result of strong leasing activity even amid weak holiday sales figures. Highlights include:

• Overall retail vacancy in the tri-county area stands around 10.7%, a tremendous improvement from the 17-18% range at year-end 2012.

• Class A retail product rental rates for South Jersey retail space continue to show strong support in the range of $30.00-$40.00/sf NNN.

• Class B product for South Jersey retail space shows support in the range of $15.00-$23.00/sf NNN.

The full quarterly report is available upon request from Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm specializing in South Jersey commercial real estate listings and services.

 

For more information about South Jersey industrial space or any South Jersey commercial properties, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com), Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com), Todd Levin (856-857-6319; todd.levin@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) at Wolf Commercial Real Estate, the foremost Southern New Jersey commercial real estate broker.

 

Wolf Commercial Real Estate is a premier South Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

South Jersey Industrial Space For Lease at 2000 Crawford Place Mount Laurel NJ

2000 Crawford PlaceWolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is offering premier South Jersey industrial space for lease at 2000 Crawford Place Mount Laurel NJ.

This South Jersey industrial space for lease in the Horizon Corporate Center also has South Jersey office space for lease in the same building.  There is a total of more than 19,000 square feet of combined South Jersey office space for lease and South Jersey warehouse space for lease in three units at this location.

Suite 400 at the Horizon Corporate Center provides 3,390 square feet of South Jersey industrial space for lease, and the contiguous Suite 500 has an another 6,000 square feet of South Jersey flex office for lease.  In addition, Suite 200 offers 10,000 square feet of South Jersey office space for lease.

The asking lease price for this industrial space in South Jersey is $6.00 per square foot NNN.  The asking lease price for this office space in South Jersey is $10.00 per square foot NNN.  This South Jersey office space/flex space for lease is available for immediate occupancy through Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

Located in the Horizon Corporate Center at 2000 Crawford Place Mount Laurel NJ, this office space in South Jersey and industrial space in South Jersey is just off the busy Route 73 corridor, providing easy access to Route 73, 70 and 38, as well as to I-295 and the New Jersey Turnpike for points north and south.

This South Jersey office space for lease and South Jersey warehouse space for lease is located in the beautifully landscaped Horizon Corporate Center, a corporate office park that is close to several hotels, restaurants, retailers and banking locations.  This South Jersey office space/flex space for lease at 2000 Crawford Place Mount Laurel NJ is locally owned and managed.  There is a new exterior facade at this South Jersey office space for lease and South Jersey warehouse space for lease.

On average, more than 51,500 vehicles travel by the intersection of Route 73 and Horizon Way at the entrance to this South Jersey flex space for lease and South Jersey office space for lease.  Parking at this office space in South Jersey and industrial space in South Jersey is ample, with a ratio of 4/1,000 sf.

More than 77,000 people live within a three miles of this South Jersey office space/flex space for lease from Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

For more information about this South Jersey office space/flex space for lease in the Horizon Corporate Center at 2000 Crawford Place Mount Laurel NJ, or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Prime South Jersey Industrial Space for Sale or Lease in Cherry Hill NJ

1 Allison smallerWolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services, now has available nearly 13,000 square feet of prime South Jersey industrial space for sale or lease in Cherry Hill NJ.

This South Jersey industrial and flex building for sale or lease at 1 Allison Drive Cherry Hill NJ is a free-standing South Jersey industrial building with flexible space that can be used for offices, warehousing or a combination office-warehouse. This South Jersey industrial space for sale or lease has an asking sale price of $1.275 million or an asking lease rate of $8 per square foot NNN.

This South Jersey warehouse space for sale or lease is available for immediate occupancy through Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate broker  that specializes in Southern New Jersey commercial real estate listings and services.

This highly visible South Jersey industrial space for sale or lease is perfect for the owner-occupant in the market for South Jersey warehouse space for sale or lease.

Located in the heart of Cherry Hill, this South Jersey industrial and flex building for sale or lease is situated along one of Cherry Hill’s main business corridors in Cherry Hill, just off Marlkress Road.  The location of this South Jersey industrial building for sale or lease provides convenient access to heavily traveled Route 70, Route 73, Interstate 295 and the New Jersey Turnpike, as well as to public transportation.

This South Jersey warehouse space for sale or lease at 1 Allison Drive Cherry Hill NJ is directly across the street from the Cherry Hill Post Office.  Parking is abundant at this South Jersey industrial and flex building for sale or lease through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

Nearly 89,000 vehicles a day travel through the intersection of Marlkress Road and the Marlton Pike next to this South Jersey industrial building for sale or lease at 1 Allison   Drive Cherry Hill NJ.  There are more than 76,000 potential customers and employees living within a three-mile radius of this South Jersey industrial and flex building for sale or lease.

For more information about this South Jersey industrial building for sale or lease at 1 Allison Drive Cherry Hill NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, the foremost Southern New Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier Southern New Jersey commercial real estate brokerage firm that provides a full range of Southern New Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

South Jersey Industrial Space for Lease at 8000 Commerce Parkway Mount Laurel NJ

8000 Commerce ParkwayWolf Commercial Real Estate, a premier South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is now offering prime  South Jersey industrial space for lease at 8000 Commerce Parkway Mount Laurel NJ.

Located in the prestigious Greentree North Corporate Center, this South Jersey industrial building has several units available for lease, ranging in size from 6,000 square feet to 18,000 square feet and divisible to 6,000 square feet.  This South Jersey industrial and flex space for lease at 8000 Commerce Parkway Mount Laurel NJ is being offered by Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

8000 Commerce Parkway Mount Laurel NJ is a one-story South Jersey industrial building with a total of 54,185 square feet of South Jersey industrial space.  This South Jersey industrial and flex space for lease in the Greentree North Corporate Center is ideally located just off Route 73, providing convenient access to Interstate 295, the New Jersey Turnpike and Route 70.  There is an excellent parking ratio at this South Jersey industrial and flex space for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

This South Jersey industrial building in the Greentree North Corporate Center at 8000 Commerce Parkway Mount Laurel NJ is located near restaurants, retail outlets and daycare facilities.

For more information about this South Jersey industrial space for lease at 8000 Commerce Parkway Mount Laurel NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a leading South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through the team at our South Jersey commercial real estate brokerage firm.

South Jersey Commercial Real Estate Market Update: Premier South Jersey Industrial Space For Sale Or Lease in Cherry Hill NJ

1 Allison smallerWolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is offering nearly 13,000 square feet of premier South Jersey industrial space for sale or lease in Cherry Hill NJ.

This South Jersey industrial and flex building for sale or lease at 1 Allison Drive Cherry Hill NJ has an asking price of $1.275 million or an asking lease rate of $8 per square foot NNN.  This South Jersey industrial and flex building for sale or lease is a free-standing building with flexible space that can be used for offices, warehousing or a combination office-warehouse. This South Jersey warehouse space for sale or lease is available for immediate occupancy.  Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is offering this South Jersey industrial space for sale or lease.

There is ample parking at this South Jersey warehouse space for sale or lease at 1 Allison Drive Cherry Hill NJ.  This South Jersey industrial and flex building is located along one of the main business corridors of Cherry Hill off Marlkress Road.  There is excellent access from this South Jersey warehouse space for sale or lease to Route 70, Route 73, Interstate 295 and the New Jersey Turnpike, as well as to public transportation. This South Jersey industrial and flex building for sale or lease at 1 Allison Drive Cherry Hill NJ is well situated directly across the street from the Cherry Hill Post Office. This highly visible South Jersey industrial space for sale or lease is perfect for the owner-occupant seeking South Jersey warehouse space for sale or lease.

Nearly 89,000 vehicles a day travel through the nearby intersection of Marlkress Road and the Marlton Pike next to this South Jersey industrial space for sale or lease through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.  This South Jersey warehouse space for sale or lease has more than 76,000 potential customers and employees living within a three-mile radius of 1 Allison Drive Cherry Hill NJ, a well-located South Jersey industrial and flex building for sale or lease.

For more information about this South Jersey industrial space for sale or lease at 1 Allison Drive Cherry Hill NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Berlin NJ Industrial and Flex Building For Sale

18 West Collings AvenueWolf Commercial Real Estate (WCRE), a South Jersey commercial real estate brokerage firm that specializes in Berlin NJ commercial real estate, is now offering more than 18,000 square feet of well-located Southern New Jersey industrial space for sale in Berlin NJ.

This South Jersey industrial building for sale at 18 West Collings Avenue Berlin NJ has an asking price of $790,000.  There is 2,750 square feet of office or showroom space and 15,800 square feet of warehouse space at this Southern New Jersey industrial building for sale, for a total of 18,550 square feet of prime South Jersey industrial space for sale.  This Southern New Jersey industrial and flex building for sale can be configured to meet the buyer’s needs.

Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate, is offering this Southern New Jersey warehouse space for sale for immediate occupancy.

This free-standing Berlin NJ industrial space for sale is zoned C2 for commercial-industrial use.  This industrial space in 08091 also can be used as a distribution warehouse or for manufacturing.  Located just off of heavily traveled Route 73, this South Jersey industrial building for sale at 18 West Collings Avenue Berlin NJ is minutes from Route 30 and 10 miles from the Atlantic City Expressway.

The exterior of this Southern New Jersey industrial building for sale is concrete block.  This South Jersey warehouse space for sale sits on 2.54 acres of well-located land.  This Berlin NJ industrial and flex building for sale offers plenty of onsite trailer parking within a fully gated yard. There is ample parking at this Southern New Jersey warehouse space for sale with 40 free surface spaces.

This South Jersey industrial space for sale has a completely open floor plan warehouse with a consistent 16-foot ceiling height and dry-walled ceilings that are insulated.  There are two drive-in bays at this Southern New Jersey industrial space for sale through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate services.  There also are two docks at the South Jersey warehouse space for sale.

The HVAC system at this Berlin NJ industrial space for sale at 18 West Collings Avenue Berlin NJ is designed for warehouse use and features five modine suspended gas forced-air heaters.  There is an abundant power supply at this Southern New Jersey industrial and flex building for sale, with 200 amp, 240 volt, 3 phase.

For more information about this South Jersey industrial and flex space for sale, about other industrial space in 08091, or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) at Wolf Commercial Real Estate, a premier Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings.

As real estate brokerage and advisory experts in Southern New Jersey that specialize in Berlin NJ commercial real estate listings and representation services, the team at our South Jersey commercial real estate brokerage firm provides ongoing detailed information to our clients and prospects to help them achieve their real estate goals. At WCRE, our Southern New Jersey commercial real estate services encompass the highest quality of service, proven expertise, and a total commitment to client-focused relationships.

Learn more about WCRE, a Southern New Jersey commercial real estate broker that specializes in Berlin NJ commercial real estate listings, online at www.wolfcre.com, on Twitter @WCRE1, LinkedIn and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at: www.southjerseyofficespace.com <http://www.southjerseyofficespace.com/>, www.southjerseymedicalspace.com <http://www.southjerseymedicalspace.com/>, www.southjerseyland.com <http://www.southjerseyland.com/>,  www.southjerseyretailspace.com <http://www.southjerseyretailspace.com/> and www.southjerseyindustrialspace.com <http://www.southjerseyindustrialspace.com/>.

WCRE is a leading South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for listings of South Jersey industrial and flex space for sale or lease and other South Jersey commercial real estate listings or for information about Southern New Jersey commercial real estate services for office space, retail space, medical space, industrial space or land for sale or lease from this Southern New Jersey commercial real estate brokerage firm.

Cherry Hill NJ Industrial and Flex Building For Sale Or Lease

1 Allison smallerWolf Commercial Real Estate (WCRE), a Southern New Jersey commercial real estate brokerage firm that specializes in Cherry Hill commercial real estate listings, is offering nearly 13,000 square feet of premier South Jersey industrial space for sale or lease in Cherry Hill.

This Southern New Jersey industrial and flex building for sale or lease at 1 Allison Drive Cherry Hill NJ has an asking price of $1.275 million or an asking lease rate of $10 per square foot NNN. This free-standing South Jersey industrial and flex building for sale or lease has flexible space that can be used for offices, warehousing or a combination office-warehouse. This South Jersey warehouse space for sale or lease is available for immediate occupancy.  WCRE, a leading South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate services, is offering this Southern New Jersey industrial space for sale or lease.

Parking is abundant at this Cherry Hill industrial space for sale or lease.  This industrial space in 08003 is located along one of the main business corridors of Cherry Hill off Marlkress Road.  There is excellent access from this Southern New Jersey warehouse space for sale or lease to Route 70, Route 73, Interstate 295 and the New Jersey Turnpike, as well as to public transportation. This Cherry Hill industrial space for sale or lease at 1 Allison Drive Cherry Hill NJ is well located directly across the street from the Cherry Hill Post Office. This highly visible Cherry Hill NJ industrial and flex building for sale or lease is perfect for the owner-occupant seeking South Jersey warehouse space for sale or lease.

An average of nearly 89,000 vehicles a day travel through the nearby major intersection of Marlkress Road and the Marlton Pike next to this Southern New Jersey warehouse space for sale or lease through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings.  This Southern New Jersey industrial space for sale or lease has more than 76,000 potential customers and employees living within a three-mile radius of 1 Allison Drive Cherry Hill NJ, a well-located South Jersey industrial and flex building for sale or lease.

For more information about this Southern New Jersey industrial and flex building for sale or lease, about other industrial space in 08003, or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker.

As real estate brokerage and advisory experts in Southern New Jersey that specialize in Cherry Hill commercial real estate listings, the team at our South Jersey commercial real estate brokerage firm provides ongoing detailed information to our clients and prospects to help them achieve their real estate goals. At WCRE, our Southern New Jersey commercial real estate services encompass the highest quality of service, proven expertise, and a total commitment to client-focused relationships.

Learn more about WCRE, a Southern New Jersey commercial real estate brokerage firm that specializes in Cherry Hill commercial real estate listings, online at www.wolfcre.com, on Twitter @WCRE1, LinkedIn and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com<http://www.southjerseyofficespace.com/>, www.southjerseymedicalspace.com<http://www.southjerseymedicalspace.com/>, www.southjerseyland.com<http://www.southjerseyland.com/>,  www.southjerseyretailspace.com<http://www.southjerseyretailspace.com/> and www.southjerseyindustrialspace.com<http://www.southjerseyindustrialspace.com/>.

WCRE is a leading Southern New Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for listings of South Jersey industrial space for lease or sale and other South Jersey commercial real estate listings or for information about Southern New Jersey commercial real estate services for office space, retail space, medical space, industrial space or land for sale or lease from this South Jersey commercial real estate brokerage firm.

WCRE Appointed Exclusive Leasing Agent for Somerset Properties’ Southern New Jersey Office Buildings in Mount Laurel and Marlton.

Somerset Properties - 7-19-13Wolf Commercial Real Estate (WCRE), a leading Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings, has been appointed executive leasing agent by Somerset Properties for its extensive portfolio of Southern New Jersey office properties.

Somerset Properties’ portfolio is comprised of approximately 307,000 square feet of Class ‘A’ Southern New Jersey office space for lease in Mount Laurel and Marlton, Burlington County, New Jersey.  The WCRE team of Jason Wolf, Leor Hemo and Christina Del Duca will oversee the leasing of this prime South Jersey office space for Somerset.

There are four highly desirable South Jersey office buildings now available for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Property Highlights:

3000 Atrium Way, Mount Laurel, NJ

This 110,240 square foot, multi-tenanted South Jersey office building is located in the Horizon Corporate Center at 3000 Atrium Way in Mount Laurel.  This Southern New Jersey professional office space for lease is in a five-story office building in the heart Mount Laurel, with access to many of the main arteries that service Burlington County, including Route 73, I-295, and the New Jersey Turnpike. There are many shopping centers and restaurants in the immediate area of this Mount Laurel office space for lease. Amenities at the South Jersey office space for lease include an on-site deli.  There is ample parking at this Mount Laurel office space for lease, with a 4/1,000 parking ratio.

WCRE has been retained to market the remaining vacant spaces in this Mount Laurel office building for lease at 3000 Atrium Way in Mount Laurel.  There are suites available is sizes ranging from 1,746 to 7,122 square feet in this professional office space in 08054.  This South Jersey professional office space for lease is available for immediate occupancy through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in  Mount Laurel commercial real estate listings. The asking lease price for this Southern New Jersey office space is $11.50 sf/ NNN.

2000 Crawford Place, Mount Laurel, NJ

This 74,013 square foot, multi-tenanted South Jersey industrial and flex building in the Horizon Corporate Center is an affordable option in the heart of Mount Laurel.  Suites in this South Jersey industrial space for lease are available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

This Southern New Jersey industrial and flex building at 2000 Crawford Place in Mount Laurel offers direct access to Route 73 and is a short distance to both I-295 and the New Jersey Turnpike. There are many shopping centers close to this South Jersey industrial space for lease, including the Greentree Square Shopping Center and the Moorestown Mall.  There are also many restaurants in close proximity to this Mount Laurel industrial space for lease.

WCRE, a Southern New Jersey commercial real estate brokerage firm that specializes in Mount Laurel commercial real estate listings, has been retained to market the remaining vacant spaces of this Southern New Jersey industrial and flex building.  Suites in this Southern New Jersey industrial space for lease range in size from 3,390 to 10,000 square feet.  This Mount Laurel industrial space for lease also has a 4/1,000 sf parking ratio.  The asking lease price of this South Jersey industrial and flex building at 2000 Crawford Place in Mount Laurel is $10.00/sf NNN for office.  The asking lease price for warehouse space in this Southern New Jersey industrial space for lease is $6.00/sf NNN.

701A Route 73 South Marlton, NJ

This 94,521 square foot, multi-tenanted Marlton office building for lease is located in the Marlton Executive Park, in South Jersey’s fast-growing corporate corridor.  Having been awarded an Energy Star label in 2011 for its operating efficiency, this four-story South Jersey office building for lease at 701A Route 73 South in Marlton will appeal to tenants who want to reduce operating costs and environmental impact.

This Marlton office space for lease is situated on Route 73 just south of Route 70, and is just minutes from Exit 4 of the New Jersey Turnpike and Exit 36 of I-295.  Among the many features at this Marlton office building for lease is an on-site deli and a 5/1,000 sf parking ratio.  This Southern New Jersey office building for lease at 701A Route 73 South in Marlton is in close proximity to many shopping centers, including The Promenade at Sagemore.

WCRE has been retained to market the remaining vacant spaces in this Marlton office space for lease, ranging in size from 3,688 to 5,937 square feet.  This South Jersey office space for lease is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate broker specializing in Marlton commercial real estate listings.  The asking lease price of this Southern New Jersey professional office space is $11.00/sf NNN.

701 C Route 73 South, Marlton, NJ

This 27,813 square foot, multi-tenanted building at 701C Route 73 South in Marlton is an efficient single-story Southern New  Jersey office building for lease.  This professional office space in 08053 is situated on Route 73 just south of Route 70, just minutes from Exit 4 of the New Jersey Turnpike and Exit 36 of I-295. There is ample parking at this South Jersey professional office space for lease, with an 8/1,000 parking ratio.

WCRE, a Southern New Jersey commercial real estate broker specializing in Marlton commercial real estate listings, has been retained to market the only available vacant space in this South Jersey office building for lease, which is a 2,784 square-foot suite.  This Southern New Jersey professional office space for lease at 701C Route 73 South in Marlton is available for immediate occupancy. The asking lease price is $10.00/sf NNN.

A marketing brochure for each of these properties is available upon request from Wolf Commercial Real Estate (WCRE), a leading South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings.

For more information about these Southern New Jersey office space opportunities, about other professional office space in 08054 or professional office space in 08053, or about any other South Jersey commercial real estate listings, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com) at Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate brokerage firm.

About WCRE

WCRE is a full-service South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate services, marketing commercial offices, medical properties, industrial properties, land properties and retail buildings for buyers, tenants, investors and sellers.

As real estate brokerage and advisory experts that specialize in Southern New Jersey commercial real estate, the team at our Southern New Jersey commercial real estate brokerage firm provides ongoing detailed information to our clients and prospects to help them achieve their real estate goals. At WCRE, our Southern New Jersey commercial real estate services encompass the highest quality of service, proven expertise, and a total commitment to client-focused relationships.

Learn more about WCRE, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings, online at www.wolfcre.com, on Twitter @WCRE1, LinkedIn and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com http://www.southjerseyofficespace.com/,  www.southjerseymedicalspace.com http://www.southjerseymedicalspace.com/,  www.southjerseyland.com http://www.southjerseyland.com/,   www.southjerseyretailspace.com http://www.southjerseyretailspace.com/  and www.southjerseyindustrialspace.com http://www.southjerseyindustrialspace.com/.

Please visit our websites for listings of Southern New Jersey office space for lease or sale and other South Jersey commercial real estate listings or for information about Southern New Jersey commercial real estate services for office space, retail space, medical space, industrial space or land for sale or lease from this Southern New Jersey commercial real estate broker.

About Somerset Properties

Somerset Properties is a full-service commercial real estate company that owns and operates a wide range of property types. Since 1996 Somerset has been creating value for investors with its entrepreneurial approach to acquiring, managing, leasing, and developing commercial properties. Learn more about Somerset Properties at www.somprop.com

 

Second Quarter Report: WCRE Finds Substantial Spike In Southern New Jersey CRE Deal Activity, But New Questions Arise

south-jersey-industrial-spaceThe Southern New Jersey commercial real estate market continues to emerge solidly from the havoc caused by the Great Recession, but significant South Jersey office space vacancies and the possibility of rising interest rates may provide challenges for the future of the Southern New Jersey commercial real estate market, according to a new quarterly market analysis issued by Wolf Commercial Real Estate (WCRE), a leading Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey industrial space and other South Jersey commercial real estate services.

Approximately 540,000 square feet of new lease deals and renewals for Southern New Jersey commercial real estate, including South Jersey industrial and flex space, were executed during the second quarter, and about 35 percent, or some 185,000 square feet of the total, comprised new deals, according to WCRE’s quarterly Southern New Jersey Office and Retail Market Update, which is now in its second year.  The jump in activity in Southern New Jersey industrial space, office space and retail space was one of several positive developments noted in the report.

“Several of the fundamentals needed for a sustained return to growth are either steadily gaining strength or are already in place,” said Jason Wolf, founder and principal of Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings, including Southern New Jersey industrial and flex space. “However, this market still must absorb much more of its vacant space.”

The report on South Jersey commercial real estate activity notes that the stock market closed Q2 up 12 percent on the year – its best first half of a year since 1999 – and that unemployment rates both in New Jersey and nationwide continue to fall, while rental rates for South Jersey office space have stabilized and continue to rise, and Southern New Jersey retail space rental rates were rising for the first time in five years.  Still, according to WCRE, vacancy rates in the office market for Class A and B product remain in the range of 18-19 percent.

Amid all the good news for the South Jersey commercial real estate market, the report finds a possible indicator that inflation may be on the horizon, noting the sharp rise in the 10-Year Treasury yield through May and June and the effect that could have on interest rates in the Southern New Jersey commercial real estate market, including Southern New Jersey industrial and flex space.

“If interest rates go up, our borrowing costs go up, which will have an effect on pricing and cap rates,” according to the report from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey industrial space and other South Jersey commercial real estate listings.

WCRE’s research includes snapshots of the Southern New Jersey office space and retail space markets and details on the major deals being consummated or planned in the Southern New Jersey commercial real estate market.

Among the Southern New Jersey office space highlights from the report:

— Positive absorption for the second quarter was in the range of 185,000+/-sf of new deals and/or expansions in South Jersey commercial real estate. This is a 20 percent increase over the second quarter of 2012, and an astonishing 80 percent gain over the first quarter of this year.

—  Average rents for Class A & B product remained at or above the improved level they reached last year, continuing to show strong support in the range of $10-$14.00/sf NNN with an overall market average of $11.00/sf NNN for deals completed during the quarter for Southern New Jersey industrial space and office space.

— Healthcare, computer services, insurance, defense contracting, consulting, engineering, and finance companies all were very active in the South Jersey office space market during the second quarter.

South Jersey retail space highlights from the report include:

— Retail landlords are experiencing increased rental rates for Southern New Jersey retail space for the first time since 2008.

— Overall South Jersey retail space vacancy has fallen to 15% and the Southern New Jersey retail space market has stabilized. Community and lifestyle shopping centers have much less vacancy than neighborhood and strip shopping centers.

— Average rents for upscale lifestyle centers in the Southern New Jersey retail space market continue to show strong support in the range of $30-$40.00/sf NNN, and average rents for neighborhood and strip shopping centers remain in the range of $15-$23/sf NNN.

The full report, including details about several key deals, is available upon request from Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in commercial real estate listings for Southern New Jersey industrial space, office space and retail space.

For more information about South Jersey industrial space, South Jersey office space, South Jersey retail space, or about any other Southern New Jersey commercial real estate listings, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com), Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) at Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate broker.

As real estate brokerage and advisory experts that specialize in South Jersey industrial and flex space and other Southern New Jersey commercial real estate services, the team at our South Jersey commercial real estate brokerage firm provides ongoing detailed information to our clients and prospects to help them achieve their real estate goals. At WCRE, our South Jersey commercial real estate services encompass the highest quality of service, proven expertise, and a total commitment to client-focused relationships.

Learn more about WCRE, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey industrial space and other Southern New Jersey commercial real estate listings, online at www.wolfcre.com, on Twitter @WCRE1, LinkedIn and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com http://www.southjerseyofficespace.com/,   www.southjerseymedicalspace.com http://www.southjerseymedicalspace.com/,  www.southjerseyland.com http://www.southjerseyland.com/,   www.southjerseyretailspace.com http://www.southjerseyretailspace.com/  and www.southjerseyindustrialspace.com http://www.southjerseyindustrialspace.com/.

WCRE is a leading Southern New Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate services, marketing commercial offices, medical properties, industrial properties, land properties and retail buildings for buyers, tenants, investors and sellers.  Please visit our websites for information about Southern New Jersey industrial and flex space for sale or lease and other Southern New Jersey commercial real estate services or for information about South Jersey commercial real estate listings for office space, retail space, medical space, industrial space or land for sale or lease from this South Jersey commercial real estate broker.

WCRE Facilitates Sale Of South Jersey Industrial And Flex Building In Maple Shade NJ

11 Morris Ave photoWolf Commercial Real Estate (WCRE), a South Jersey commercial real estate brokerage firm that specializes in Maple Shade commercial real estate, has successfully facilitated the sale of a highly visible and well-located Southern New Jersey industrial and flex building in Maple Shade NJ.

WCRE exclusively represented Creek Associates, LLC, a related entity of Aerocoat Source, LLC in its acquisition of a prime South Jersey industrial and flex building at 11 Morris Avenue Maple Shade NJ.

This industrial space in 08052 is a 12,500 square-foot South Jersey industrial building that fronts a very heavily traveled stretch of Route 73 in Maple Shade. The Southern New Jersey industrial and flex building at 11 Morris Avenue Maple Shade NJ is minutes from both the Betsy Ross and Tacony Palmyra Bridges.  This Southern New Jersey industrial building was sold by the Kaplan Family Trust.

AeroCoat Source, LLC is a family-owned small business founded in 1999. It specializes in providing Mil-Spec and Aerospace topcoat colors and coatings for aircraft to the military, commercial paint shops, maintenance depots and supply agencies.

WCRE’s work on the transaction was led by Scott Seligman, director of business development at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in Maple Shade industrial space and other Maple Shade commercial real estate.

“This is a great milestone for AeroCoat Source and their Southern New Jersey operations,” Seligman said. “We congratulate our client on the successful acquisition of 11 Morris Avenue. We are excited for their growth and what this will mean for additional jobs in the region.”

The team at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in Maple Shade commercial real estate listings, works with potential buyers to identify South Jersey industrial space and other commercial and industrial properties in Southern New Jersey or anywhere in the country that best meet their needs.  The WCRE team also ensures that the sale terms for a buyer’s Southern New Jersey industrial space are the best fit for their goals.

WCRE’s approach is to help clients through the entire process of acquiring their new South Jersey industrial and flex space, from understanding their goals, to offering a full range of services, to providing move-in assistance.  Along the way, Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in Maple Shade commercial real estate listings, will survey building options and ensure buyers qualify for the right Southern New Jersey industrial and flex space.

To help buyers select the best South Jersey industrial and flex space, we perform employee zip code analysis, employee commuting optimization, space plan programming, conduct property tours, site identification, requests for proposals, property comparison cost analysis, sale and/or lease negotiations, and construction cost review.

11 Morris Avenue Maple Shade NJ is a one-story Southern New Jersey industrial building that has two tailgate loading docks and one drive-in loading.  This South Jersey industrial building also has a conference room, reception area and two private offices.   This Maple Shade industrial space is situated on a corner property, making it highly visible.  With access to the nearby New Jersey Turnpike, Interstate 95 and Interstate 295, this Southern New Jersey industrial and flex space has excellent North-South access.

For more information about this Southern New Jersey industrial space, about other industrial space in 08052 or about any other South Jersey commercial real estate listings, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman @wolfcre.com) at Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate brokerage firm.

As real estate brokerage and advisory experts in Southern New Jersey that specialize in Maple Shade commercial real estate listings, the team at our South Jersey Commercial Real Estate brokerage firm provides ongoing detailed information to our clients and prospects to help them achieve their real estate goals. At WCRE, our Southern New Jersey commercial real estate services encompass the highest quality of proven expertise, and a total commitment to client-focused relationships.

Learn more about WCRE, a Southern New Jersey commercial real estate broker that specializes in Maple Shade commercial real estate, online at www.wolfcre.com, on Twitter @WCRE1, LinkedIn and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at: www.southjerseyofficespace.com <http://www.southjerseyofficespace.com/>, www.southjerseymedicalspace.com <http://www.southjerseymedicalspace.com/>, www.southjerseyland.com <http://www.southjerseyland.com/>, www.southjerseyretailspace.com <http://www.southjerseyretailspace.com/> and www.southjerseyindustrialspace.com <http://www.southjerseyindustrialspace.com/>.

WCRE provides a full range of Southern New Jersey commercial real estate services, marketing commercial offices, medical properties, industrial properties, land properties and retail buildings for buyers, tenants, investors and sellers. Please visit our websites for South Jersey industrial space for lease or sale and other South Jersey commercial real estate listings for sale or lease or for information about Southern New Jersey commercial real estate services for office space, retail space, medical space, industrial space or land for sale or lease from this South Jersey commercial real estate broker.