Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHERRY HILL, NJ-Two Executive Center Associates, an affiliate of Keystone Property Group, Philadelphia, has acquired the four-story, 102,310-sf Two Executive Campus in the Cherry Hill West Corridor. Purchase price for the 10.4-acre site and building was not disclosed. The seller was Wellsford Capital Properties, Chatham, NJ.

Stephen Marzullo, vice president of Grubb & ellis Investment Services Group, Philadelphia, and Anne Klein, vice president of the Grubb & Ellis Office Services Group, also Philadelphia, represented the seller. Purchase price for the 10.4-acre site and building was not disclosed.

“This property will be the cornerstone of an office park that has already seen substantial renovation,” according to William Glazer, president/CEO of Keystone Property Group. It’s exciting to be taking part in the revitalization of the Cherry Hill West Corridor.”

“The timing couldn’t be better,” according to Klein. “Vacancy rates in the market are the lowest in more than a decade, and tenants are willing to par more per sf for quality office space right now.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.