Wolf Commercial Real Estate has completed another lease transaction at the Colwick Business Center, a Cherry Hill complex featuring three single-story office buildings owned and managed by an affiliate entity of Endurance Real Estate Group, LLC. WCRE has leased 22,159 square feet of ofﬁce space to Rutgers University Behavioral Health Care. This new major tenant will join The Philadelphia Inquirer, QMA Inc., MorphoTrust USA, Inc., South Jersey Behavioral Health Resources, and others.
WCRE’s team of Jason Wolf and Leor Hemo exclusively represented Endurance in the marketing and leasing of the Colwick properties, working collaboratively with ownership and the brokerage community. Markeim Chalmers represented the tenant. WCRE has now leased 45,357 square feet of space to new tenants at this well located corporate office park.
Endurance acquired Colwick Business Center in the summer of 2013 and has made a major investment in capital improvements, recently completing exterior upgrades and securing NJ Transit bus service through the office park. Among many desirable attributes, this premier office complex features highly efficient suite layouts, private 24/7 access to each tenant suite, no loss factor, and ample parking. Ownership has committed to making substantial base building improvements and restored Colwick to its Class “A” prestige.
“In the competitive Camden County leasing environment, we are thrilled that Rutgers chose our available office space. WCRE has been an ideal partner, delivering a high level of deal momentum and pending lease activity,” said Benjamin Cohen, president of Endurance Real Estate Group.
Colwick Business Center is located just west of the Cherry Hill Mall on a stretch of Haddonfield Road that has recently undergone a substantial redevelopment renaissance. The area features affluent residential communities, retail centers, hotels, and other amenities attractive to office tenants. The mall has undergone a complete overhaul in the last few years with the opening of Nordstrom and many other high end retail stores and restaurants. The retail corridor in the vicinity continue to expand, and the Garden State Towne Center, home to Wegman’s, Best Buy, Home Depot, Dick’s Sporting Goods, and other high-end retailers, is conveniently located a short distance away.
Available remaining suites at Colwick Business Center range from 2,850 to 61,694 square feet and include one of a very few premier vacancies more than 60,000 square feet in the area.