Wednesday, April 12, 2017

Crown Properties Pays $19M For Cherry Hill Office Park

Crown Properties, Inc., a New York-based property investment firm, has acquired the 215,465-square-foot Woodland Falls Corporate Center in Cherry Hill, NJ from Brandywine Realty Trust for $19 million, or about $88 per square foot.

The center includes three Class A office buildings located at 200, 210 and 220 Lake Drive East constructed between 1986 and 1989. Brandywine reported an average occupancy at 93%.

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