Tuesday, April 8, 2014

GSA Signs Lease Deal in Cherry Hill

by John Jordan Staff writer GlobeSt.com
The US General Services Administration has signed a 20,000-square-foot lease at 51 Haddonfield Road here.
The deal was announced by the building ownership of Bergman Real Estate Group and Time Equities, Inc. The transaction comes on the heels of an approximately 21,000-square-foot lease with Benefits Consultants Group, Inc., which recently took occupancy of its new space at the 100,000-square-foot office building.
Since taking ownership of the property recently, Bergman and Time Equities have undertaken an extensive capital improvement program and as part of TEI’s Art in Buildings program has implemented a rotating art gallery of work by local and national artists.
“GSA’s decision to come to 51 Haddonfield Road further validates our belief that demand is strong in South Jersey for a Class A office building that is able to offer aggressive rental rates that are competitive with those offered by a large number of lesser quality properties in the market,” saysJohn G. Osborne, Bergman’s executive director of leasing and marketing. “Since completing the repositioning of the building about a year ago, we’ve seen a significant increase in the pace of leasing.”

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