Wednesday, November 14, 2012

Moorestown Corporate Ctr Trades for $19.9M

Keystone Property Group acquired the three-building Moorestown Corporate Center located at 224 - 232 Strawbridge Dr. in Moorestown, NJ from Mack-Cali Realty Corporation for $19.85 million, or about $89 per square foot. 

The 222,258-square-foot portfolio is currently 61 percent leased. The buildings were constructed in the mid-1980s on roughly six acres each in the North Burlington County submarket of Philadelphia.

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