Monday, July 27, 2015

Rutgers Univ Behavioral Health Leases 22,000 SF in Cherry Hill

Rutgers University Behavioral Health Care signed a 22,159-square-foot lease at the Colwick 57 office building located at 57 Haddonfield Rd. in Cherry Hill, NJ.

The single-story, 37,464-square-foot building was constructed in 1987 on 3.9 acres in the North Camden County submarket of Philadelphia, part of the four-building Colwick Business Center. It is located just west of the Cherry Hill Mall and nearby the Garden State Towne Center along with numerous residential, hotel, amenity, and retail spaces.

Endurance Real Estate Group acquired the office park from C-III Realty Services in July 2013 for $6.9 million. The firm began a major capital improvement plan.

"In the competitive Camden County leasing environment, we are thrilled that Rutgers chose our available office space" said Benjamin Cohen, president of Endurance Real Estate Group.

Available office space remaining at the Colwick Business Center ranges from 2,850-square-foot suites up to a full-building totaling almost 62,000 square feet.

"Activity at Colwick and within the Cherry Hill market has gained momentum, and we are optimistic about additional absorption within Camden County during the second half of the year."

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