Monday, January 4, 2016

Mount Laurel Office Sold for $15.4M

Somerset Properties, Inc. and Greenfield Partners have sold the office building at 3001 Leadenhall Rd. in Mount Laurel, NJ to Cole Real Estate Income Strategy (Daily NAV), Inc., a private real estate investment trust, for $15.4 million, or about $190 per square foot.

The building was fully occupied at the time of purchase by Title Resources Group, which has resided there since October 2012. The three-story, 81,059-square-foot property was built in 2004 on 11 acres in the South Burlington County submarket of Philadelphia.

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