Monday, August 18, 2014

3 Leases Completed in the Colwick Business Center

Three lease transactions were completed in the Colwick Business Center.
Colwick Business Center features three single story office buildings owned and managed by an affiliate entity of Endurance Real Estate Group LLC.

·         7,994 square feet of office space to South Jersey Behavioral Health Resources Inc.
·          2,600 square feet to MorphoTrust Usa Inc. 
·          12,604 square feet to QMA, Inc. 
These new tenants will join The Philadelphia Inquirer, The Internal Revenue Service, andUrban Engineers, among others. Available remaining suites range in size from 15,025 to 51,853 square feet (divisible). The largest contiguous block of vacant space at 55 Haddonfield Road, is one of a very few premier vacancies over 50,000 SF in the area.

Endurance acquired Colwick Business Center last summer and made a major investment in improvements, recently completing exterior upgrades and securing NJ Transit bus service through the office park. The office complex features highly efficient suite layouts, private 24/7 access to each tenant suite, no loss factor, and ample parking. Ownership has committed to making substantial base building improvements and restored Colwick to its class-A campus environment and prestige.
“In the competitive Camden County leasing environment, we are excited to have executed on our business plan by absorbing 23,000 square-feet of office space in less than 12 months. We are pleased with the level of deal momentum and are optimistic about our pending activity,” says Benjamin Cohen, president of Endurance Real Estate Group.

Colwick Business Center is located just west of the Cherry Hill Mall on a stretch of Haddonfield Road that has recently undergone a massive redevelopment renaissance. The area features affluent residential communities, retail centers, hotels, and other amenities attractive to office tenants. The mall has been completely overhauled in the last few years, with the opening of Nordstrom and many other high end retail stores and restaurants such as The Capital Grille. There is currently a Super Wawa under construction in the immediate vicinity, which will further expand the retail corridor.

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