Home Mt Laurel News Markeim Chalmers completes sale of Bank of America Plaza

Markeim Chalmers completes sale of Bank of America Plaza

Markeim Chalmers has sold the Bank of America Plaza on Route 38 at Larchmont Boulevard in Mt. Laurel for $8,200,000 to a private buyer.

At the time of sale, the 40,000 SF retail center was approximately 80 percent occupied and the cap rate was roughly 7.25 percent. It is anchored by a number of strong tenants, including Bank of America, Saladworks, AtlantiCare Urgent Care among others.

As a result of an aggressive leasing plan and well-marketed efforts executed by the Markeim Chalmers team, the center was re-tenanted over the past couple years, increasing the property value and ultimately leading to its sale.

For more information contact Seth Hersh at Markeim Chalmers at shersh@markeim.com or (856) 324–5192.

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