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MEDFORD, NJ-The Ironstone Office Complex, a 26,000-sf asset, has been acquired by Levco Enterprises LLC for $2.6 million, which factors out to an even $100 per sf. Levco is a locally based owner and manager of office and medical buildings.

The seller was Ironstone Office Complex Associates, also a locally based group. The deal was arranged by Jason Wolf, senior vice president in the office division of Colliers Lanard & Axilbund, Philadelphia.

The property, located at 520 Stokes Rd. in this South Jersey community, is a multi-tenant complex consisting of four attached buildings. The tenant roster consists primarily of law firms and other professional groups, and the property is currently listed with 1,000 sf available for lease. The asking rent for space is a range of $18 to $22 per sf.

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