"After experiencing several months of stagnant growth, the Southern New Jersey economy is showing signs of recovery," says an NDC spokesman. "A significant number of financial and business/professional services firms, along with healthcare and defense-related companies, are taking advantage of the area's low cost structure."
As reported by GlobeSt.com, the Iselin-based Bergman acquired the property just this past July, paying $22.35 million, or $131 per sf, to Praedium Group and Endurance Real Estate for it. Colwick Business Center consists of three single-story office buildings on 17 acres, and has a tenant roster that includes Ace American Insurance, Thomson Scientific, the Philadelphia Enquirer and the IRS.
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