South Jersey Office Complex Sells for $10 Million
Strategic Funding Alternatives has expanded its southern New Jersey portfolio with a $10 million acquisition of the East Gate Business Center in Mount Laurel.
The Moorestown, New Jersey, real estate firm purchased the eight-building, 116,000-square-foot office and flex complex. The seller of the property was Rudner Real Estate Development of Mount Laurel, according to CoStar data.
East Gate Business Center includes eight buildings located on 9 acres on Gaither Drive in the center of Mount Laurel. The complex is currently 94% leased to tenants that include NJ Default Group, Terminix International Co., the McSweeney Agency, and Starlight Homecare Agency.
With easy access to Interstate 295 and the New Jersey Turnpike, East Gate Business Center is less than 15 minutes away from Philadelphia, the real estate brokerage said.
*Article courtesy of CoStar News, Linda Moss
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