X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MARLTON, NJ-Freedom-2 Inc. has acquired the 50,000-sf office/flex building at 1971 Old Cuthbert Rd. here, and will use the building as its new headquarters. The sale price of $2.2 million factors out to $88 per sf for the single-story, stand-alone building.

“This property proved to be in high demand and of value for a large owner-occupant,” says Dan McGovern, senior associate at CB Richard Ellis, who teamed with EVP Bill Goodwin to represent seller Votum Group LLC, a consulting firm. “We were able to complete the transaction process ahead of schedule, and within four months.”

Freedom-2, which is expanding its staff with the move, was represented by Kevin Burns of Markheim Chalmers, Cherry Hill. The building’s new owner/occupant is a producer of permanent inks for cosmetic use, including tattoos.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.