X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MT. LAUREL, NJ-Keystone Property Group is set to redevelop the single-story, 115,000-sf building at 112 West Park Dr. here. The Conshohocken, PA-based Keystone bought the building earlier this year for an undisclosed price from Sungard Data Systems, which relocated its operations to 400 Laurel Oak Rd. in Voorhees.

Keystone has also given the exclusive for the building to Anne Klein, a senior vice president in the Marlton office of Grubb & Ellis. Klein also has the exclusive for 400 Laurel Oak Rd.

What Keystone has in mind for 112 West Park Dr. is upgrading the class C property to class A, according to company officials. The plans include a new facade, window line, roof and parking lot. The building is being marketed to medium to large-size users.

“The building’s façade and infrastructure are going to be significantly upgraded,” Klein says. “It will be one of the largest contiguous blocks of office space in southern New Jersey.”

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?

GlobeSt

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.