JLL completes sale of three-building, Class A office campus
JLL’s Capital Markets experts announced the completed sale of Commerce Center, a three-building, 153,094 SF Class A office complex in Cherry Hill, NJ. JLL represented Greenville Partners and Sterling Equities in the transaction. The Center at Cherry Hill, LLC purchased the property.
Managing Director James Galbally led the transaction along with Senior Vice President Brett Grifo, Executive Vice Presidents John Plower and Chad Orcutt, and Vice President Marybeth Farris.
Currently comprising 1800, 1810, and 1820 Chapel Ave West, the 13-acre campus has the capacity to house an additional 44,000 SF building at 1830 Chapel Ave West. Current tenants include Actelion Pharmaceuticals LTD, Flaster Greenberg PC, Lincoln Financial Group, and Kremer Eye Center.
Mirroring the lush gardening and ponds across the campus grounds, Commerce Center boasts a continuous glass-banded window system made of reflective solar film glass. Inside, sweeping two-story atriums or vaulted ceilings mark each building’s entryway above marble tile floors.
Commerce Center offers a truly connected environment on-campus and off, benefitting from its close proximity to Routes 38, 70, and 73.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge deliver the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, JLL Capital Markets completed $170 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. AFortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
