The Moorestown Corporate Center has been sold for $17.6 million, marking another discounted sale in the struggling suburban office market. The three-building, 222,888-square-foot complex in South Jersey was acquired by an affiliate of Melrose Solomon Enterprises from Keystone, a firm based in West Conshohocken. The sale brings closure to three years of uncertainty following the June 2022 maturity of multiple tranches of a $27.5 million CMBS loan tied to the property.

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey office space for sale or lease or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing commercial properties for lease or sale, www.wolfcre.com.