Wednesday, January 7, 2015

Pennsauken Office Building Trades for $1.75M

by Steve Lubetkin
The Bloom Organization has sold its18,240-square-foot office building in the Airport Industrial Park at 7895 Browning Road in Pennsauken, NJ for $1.75 million.

The Bloom Organization built 7895 Browning Road in 1985 for ADT, which had been the building’s only tenant, until vacating recently.

The buyer, Physical and Tactical Healthcare Services, LLC, received an incentive package from the New Jersey Economic Development Association. The building was ideal for PATHS because of the proximity to their current Cherry Hill facility as well as the abundant amount of parking spaces.

“This was a challenging assignment for our office, since we were trying to sell a well maintained office building located in the middle of an industrial park. However, we were able to overcome that ‘obstacle’ by creating and implementing a direct marketing campaign for this property.”

The Airport Industrial Park is situated between Routes 38, 70 and 130, providing direct access to Routes 676 and the Ben Franklin Bridge.

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