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HADDON HEIGHTS, NJ-Grove Office Plaza, a 45,000-square-foot professional office building at 515 Grove St. here, has a new owner. The building has been sold by SJS Grove Street Limited Partnership–a group headed by the Cherry Hill-based SJS Realty Management–to locally based 515 Grove Street Associates LLC. The sale price of $3.8 million factors out to just more than $84 per square foot, and the deal was brokered by SVP Jason Wolf and VP Evan Zweben of the Mount Laurel office of Colliers Lanard & Axilbund.

Built in 1972 and last renovated in the mid-1980′s, the three-story class B building was just more than 90% occupied at the time of sale. The vacancy of approximately 4,500 square feet is available in increments of 1,000 square feet and up, currently listed with an asking price of $15.50 per square foot, and CL&A has been retained to market that space.

Existing tenants include Pennoni Associates, Associated Insurance Partners, Quest Diagnostics, Cooper Family Medicine and Congressman Robert Andrews. Grove Office Plaza is situated directly off Exit 29 of I-295 in this South Jersey community, and has north/south access to that route.

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