X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

VINELAND, NJ-A 150-acre training school campus has been put on the market for sale, and brokers from CB Richard Ellis in Philadelphia has picked up the assignment to find a buyer. The seller is Elwyn, a Media, PA-based organization that provides training and related programs for people with disabilities.

The property’s attraction is that local officials have approved the site for up to 450 units of seniors housing. “Recognizing that almost a quarter of the local population is approaching 55 years and older, the Vineland Planning Commission recently approved this site for age-restricted housing,” says David Jarjisian, who’s marketing the property with CBRE colleagues Kathie Carr, Gerald Zimmer and Jon Sarkisian.

The site contains existing building stock, including the 1890s-vintage Training School at Vineland, a three-story, 10-room brick structure that has, for a number of years, served as a regional campus for Elwyn. The site’s clients have largely been integrated into mainstream programs in Greater Philadelphia, turning it into surplus property.

“Both the State of New Jersey and local private developers have invested large sums of money in Vineland and the immediate area,” Jarjisian says. “Ongoing new development, including new retail and healthcare amenities, will make this proposed project even more attractive.”

The campus itself is near Downtown Vineland, Cumberland Mall and the South Jersey Healthcare Regional Medical Center. It’s also close to the Atlantic City Expressway, which connects that city to metro Philadelphia.

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
Live Chat

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