Prime South Jersey Retail Space For Lease In Cinnaminson

202 Route 130 NorthWolf Commercial Real Estate, a premier Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is now offering prime South Jersey retail space for lease in Cinnaminson.

Located in the Pep Boys Plaza Shopping Center at 202 Route 130 North Cinnaminson NJ, this Cinnaminson retail space for lease sits at a heavily traveled corner at Route 130 and Highland Avenue.  This Southern New Jersey retail space for lease has multiple retail units ranging from 2,000 to 7,000 square feet available for lease.

The asking lease rate for this retail space in South Jersey is $15.00/SF NNN.  This Cinnaminson retail space for lease in the Pep Boys Plaza Shopping Center is available through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

Current tenants in this Southern New Jersey retail space for lease at 202 Route 130 North Cinnaminson NJ include Pep Boys, Subway, Eastern Dental, Zio’s Tuscan Grille and more.  This retail space in Cinnaminson is directly across from a retail power center, The Shoppes at Cinnaminson.  This excellent location provides this retail space in South Jersey with maximum exposure to potential customers.  Other retailers near this South Jersey retail space for lease include TD Bank, Dunkin Donuts, McDonald’s, Burlington Coat Factory, ShopRite and several  other national and regional retail chains.

There are more than 360,000 potential customers residing within five miles of this retail space in Cinnaminson in the Pep Boys Plaza Shopping Center at 202 Route 130 North Cinnaminson NJ.  This  Cinnaminson retail space for lease is available for immediate occupancy through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

With a ratio of 4.08/1,000 sf, parking at this Southern New Jersey retail space for lease is plentiful.  An average of more than 55,000 vehicles per day pass through the intersection of Route 130 and Highland Avenue where this retail space in South Jersey is located.

For more information about this retail space in Cinnaminson in the Pep Boys Plaza Shopping Center at 202 Route 130 North Cinnaminson NJ, about any South Jersey retail space for lease or about any other South Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Todd Levin (856-857-6319; todd.levin@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker.

Wolf Commercial Real Estate is a leading South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings, 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 of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

South Jersey Retail Space For Lease In Hammonton

209-215 Bellevue AvenueWolf Commercial Real Estate, a premier South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, is now offering South Jersey retail space for lease at 209-215 Bellevue Avenue Hammonton NJ.

This two-story South Jersey retail building for lease is located in the downtown Hammonton business district in a historic village community.  This retail space in Hammonton is a mixed-use building that features Southern New Jersey retail space for lease on the first floor and office space for lease on the second floor.  The first floor of this Hammonton retail building for lease offers 10,176 square feet (divisible) of Hammonton retail space for lease, while the second floor provides 9,135 square feet (divisible) of office space.  This entire South Jersey retail building for lease offers up to 20,000 square feet of divisible office and retail space in Hammonton.

The asking price for this retail space in Hammonton at 209-215 Bellevue Avenue Hammonton NJ is $11.00-$12.00/sf NNN.  This South Jersey retail building for lease is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

This Southern New Jersey retail space for lease has both building and canopy signage available.  Significant interior and exterior renovations are planned at this Hammonton retail space for lease.

This Hammonton retail building for lease is conveniently located off the Atlantic City Expressway (Exit 28) and within close proximity to Routes 30 and 206.  This South Jersey retail space for lease at 209-215 Bellevue Avenue Hammonton NJ is equidistant to Atlantic City and Philadelphia.  Parking is plentiful at this Hammonton retail space for lease at a ratio of 5/1,000 sf.  This Southern New Jersey retail space for lease is being offered by Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

More than 21,000 potential customers live within a five-mile radius of this Hammonton retail building for lease at 209-215 Bellevue Avenue Hammonton NJ.  The average household income of residents living within five miles of this Hammonton retail space for lease is $75,308.

For more information about this South Jersey retail space for lease at 209-215 Bellevue Avenue Hammonton NJ or about any other South Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

Wolf Commercial Real Estate is a leading South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate listings and services, 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 of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

 

WCRE REPORT: NEW INVESTMENT, SMALL BUSINESS EXPANSION STRENGTHEN SOUTHERN NEW JERSEY COMMERCIAL REAL ESTATE MARKET

research information graphicJuly 8, 2014 – Marlton, NJ – The Southern New Jersey office market seems to have shifted from recovery mode toward the first steps of real growth, according to the latest analysis by Wolf Commercial Real Estate (WCRE). The firm’s quarterly market report finds a mix of mostly positive trends during the second quarter, making for an overall bullish tone in the market for 2014. The CRE market was very busy during the quarter, bouncing back from the setbacks imposed by the harsh winter to reclaim another portion of vacancy and set up a healthy pipeline of deals that are expected to close later in the year.

There were approximately 310,493 square feet of new leases and renewals executed in Burlington, Camden, and Gloucester Counties during the second quarter, including several large spaces, ranging in size from 6,000 to 44,000 square feet. Notably, expansions and new deals remained strong this quarter, representing 52 percent of all transactions. Net absorption for the quarter was approximately 112,368 sf, and prospect activity was extremely active, with a pipeline of approximately 350,000 square feet of pending deals expected to close during the third quarter.

“Vacancy rates continue to fall, and conditions in our region have improved to the point where we expect to see them fall even further,” said Jason Wolf, founder and principal of WCRE. “We’re seeing lower unemployment, including gains in office jobs, and a general boost in small business confidence, which is fueling expansion.”

The report noted that for the second straight quarter, many of the subject properties were located in prime 3M locations within Burlington County, and that the tightening of those areas was causing demand to shift toward vacancies in Camden County.

Other office market highlights from the report:

  • Both Burlington County and Camden County saw significant decreases in vacancy this quarter, though Burlington continued to maintain a markedly lower vacancy rate than Camden, at 9.1 percent compared with Camden’s 18.1 percent.
  • Average rents for Class A & B product continue to show strong support in the range of $11.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $10.00-$12.00/sf NNN or $20.00-$22.00/sf gross for the deals completed during the first quarter. This is essentially unchanged from the previous quarter.
  • New lease activity for Q1 is in the range of approximately 161,316 square feet of new deals and/or expansions and approximately 149,177 square feet of renewals.
  • All of the major private owners and REITS showed a significant increase in prospect activity for the quarter, and all continue to remain cautiously optimistic for 2014.

WCRE also reported on the local retail market, where the news is quite bright for Center City Philadelphia, but less so for Southern New Jersey. Highlights from the retail section of the report include:

  • Several major retailers are moving into large Center City spaces, including Nordstrom Rack, Forever 21, and American Eagle Outfitters.
  • Southern New Jersey welcomed a new Whole Foods and saw a new outlet center break ground in Deptford, but there are some troubled centers amid those still experiencing growth.
  • Overall retail vacancy in the tri-county area is at 15.7%, up for the second straight quarter.
  • Class A retail product rental rates continue to show strong support in the range of $30.00-$40.00/sf NNN, which is essentially unchanged from the previous several quarters.
  • Class B product shows support in the range of $15.00-$25.00/sf NNN, which is also unchanged.

The full report is available upon request. 

About WCRE

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.

Learn more about WCRE online at www.wolfcre.com,on Twitter @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com,www.southjerseyretailspace.com, and www.southjerseymedicalspace.com.

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Premier South Jersey Retail Space For Lease In Marlton

27 North Maple Ave with overlay and headlineWolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services, now has available premier South Jersey retail space for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ.

Major exterior renovations are now underway at this South Jersey retail building for lease, including a new facade for the shopping center, the addition of a corner tower and new signage for each retail outlet.  This retail space in South Jersey is ideal for a variety of retail outlets or medical space uses.

There is between 1,600 and 6,620 square feet of contiguous storefront space available in this South Jersey retail building for lease.  The end cap unit that formerly housed a WaWa convenience store is included in this Southern New Jersey retail space for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

This South Jersey retail space for lease at 27 North Maple Avenue Marlton NJ has a number of long-standing tenants in place, including a pizzeria, a florist and a beauty salon.  The asking lease rate for this Southern New Jersey retail space for lease is $13.00 per square foot NNN.   This South Jersey retail building for lease for lease is available for immediate occupancy.

The Allison Shopping Center where this retail space in South Jersey is located is a neighborhood shopping center that sits amid several densely populated neighborhoods.  Nearly 85,000 potential customers live within a three-mile radius of this Southern New Jersey retail space for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

This South Jersey retail space for lease is situated along heavily traveled Maple Avenue near the intersection of Route 70 (the Marlton Pike), just minutes from downtown Marlton.  There is convenient access to both Route 70 and to Route 73, just one block west, from this retail space in South Jersey.  Parking is abundant at this South Jersey retail building for lease at a ratio of 6.5/1000 sf.  Each day, an average of nearly 18,000 vehicles pass by the Allison Shopping Center at 27 North Maple Avenue Marlton NJ.  Both pylon and above-store signage is available at this Southern New Jersey retail space for lease.

For more information about this retail space in South Jersey in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate listings and services, 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 of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Newly Constructed South Jersey Retail Space For Lease Or Sale

2720 Black Horse PikeWolf Commercial Real Estate, a premier South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services, is now offering newly constructed South Jersey retail space for lease or sale at 2720 Black Horse Pike Sicklerville NJ.

This Sicklerville retail space for lease or sale is located in a shopping center that has great visibility and access.  This retail space in South Jersey has units ranging in size from 1,600 square feet to 3,200 square feet.  There are both end cap or in-line stores available at this Southern New Jersey retail space for lease or sale.

The asking lease price for this retail space in Sicklerville is $16.00/sf NNN.  The asking sale price for this retail space in South Jersey at 2720 Black Horse Pike Sicklerville NJ is $1,500,000 ($234.38/sf).  This Sicklerville retail space for lease or sale is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

Located on the well-traveled Black Horse Pike in Winslow Township, this Southern New Jersey retail space for lease or sale at 2720 Black Horse Pike Sicklerville NJ is within minutes of the Atlantic City Expressway and I-295.  There is above-store and pylon signage available at this retail space in Sicklerville.  With a ratio of 5.5/1,000 sf, parking is plentiful at this Sicklerville retail space for lease or sale.

This retail space in South Jersey is situated in a fast-growing community with exposure to lots of potential customers.  There are more than 141,000 people living within five miles of this Southern New Jersey retail space for lease or sale through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

For more information about this South Jersey retail space for lease or sale at 2720 Black Horse Pike Sicklerville NJ, about other retail space in Sicklerville or about any other South Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Todd Levin (856-857-6319; todd.levin@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate is a leading South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, 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 of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Highly Visible South Jersey Retail Space For Lease In Cherry Hill

1871 East Marlton PikeWolf Commercial Real Estate, a leading Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, now has available highly visible South Jersey retail space for lease in the Heritage Square Shopping Center at 1871 East Marlton Pike Cherry Hill NJ.

This Southern New Jersey retail space for lease is located on busy Route 70 in Cherry Hill, providing excellent exposure to thousands of commuters and other travelers daily.  There is between 1,000 and 4,000 sf of ideally located retail space in South Jersey available for lease in the Heritage Square Shopping Center.

The asking price for this South Jersey retail space for lease at 1871 East Marlton Pike Cherry Hill NJ is $15.00/sf NNN.  This retail space in Southern New Jersey is available for lease through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This multi-tenant Southern New Jersey retail space for lease at 1871 East Marlton Pike Cherry Hill NJ is now under new ownership and management.   Other tenants in the Heritage Square Shopping Center where this retail space in South Jersey is located include Sakura Spring Asian Restaurant, Entenmann’s Bakery Outlet, Sports Medicine of NJ, Edible Arrangements and more.

This retail space in Southern New Jersey enjoys a prime location on Route 70 in Cherry Hill just minutes from I-295, the NJ Turnpike, Route 73 and Center City Philadelphia.  This Southern New Jersey retail space for lease has ample on-site parking with a ratio of 6/1,000.  This retail space in South Jersey is available for immediate occupancy from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

This South Jersey retail space for lease has excellent demographics.  More than 224,500 people live within a five-mile radius of this retail space in Southern New Jersey and the average household income in that same area is $101,360.

For more information about this Southern New Jersey retail space for lease in the Heritage Square Shopping Center at 1871 East Marlton Pike Cherry Hill NJ or about any other South Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Todd Levin (856-857-6319; todd.levin@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is the premier Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, 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 of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

Highly Visible South Jersey Retail Space for Sale or Lease

424 White Horse PikeWolf Commercial Real Estate, a leading Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, now has available highly visible South Jersey retail space for sale or lease at 424 White Horse Pike Magnolia NJ.

This Southern New Jersey retail space for sale or lease is a single-story, freestanding South Jersey retail building with approximately 7,000 square feet of Magnolia retail space for sale or lease.  A former AutoZone retail building, this South Jersey retail space for sale or lease at 424 White Horse Pike Magnolia NJ is ideal for open retail space.  There is maximum flexibility to fit any type of retail or professional use at this retail space in Magnolia through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

The asking sale price for this Southern New Jersey retail space for sale or lease is $850,000 ($121.43/sf).  The asking lease price for this Magnolia retail space for sale or lease is $12.00/sf NNN.  This South Jersey retail building for sale or lease is available for immediate occupancy through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

Located on the heavily traveled White Horse Pike (Route 30), this South Jersey retail building for sale or lease at 424 White Horse Pike Magnolia NJ is just minutes from I-295 and is easily accessible to many of South Jersey’s key communities and also to Philadelphia.  The busy retail corridor where this retail space in Magnolia is located offers many amenities and has large box retailers nearby.  Parking is abundant at this Southern New Jersey retail space for sale or lease at a ratio of 6.25/1,000 sf.

Situated in a densely populated area, the demographics are excellent for this Magnolia retail space for sale or lease through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.  There are more than 270,500 people living within a five-mile radius of this South Jersey retail building for sale or lease.  In addition, more than 32,000 vehicles per day pass by this retail space in Magnolia.

For more information about this South Jersey retail space for sale or lease at 424 White Horse Pike Magnolia NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker.

Wolf Commercial Real Estate is the premier Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, 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 of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

Well-Located South Jersey Retail Space For Sale

668-676 Stokes RoadWolf Commercial Real Estate, a premier South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services, is now offering well-located South Jersey retail space for sale in the Medford Lakes Retail Center at 668-676 Stokes Road Medford NJ.

Located in downtown Medford, this South Jersey retail building for sale is a tremendous investment opportunity.  This Southern New Jersey retail space for sale is 100 percent leased and income producing with excellent cash flow.  There is 7,720 square feet of Medford retail space for sale in this multi-tenanted neighborhood strip center at 668-676 Stokes Road Medford NJ.

The asking price for this South Jersey retail space for sale is $675,000, or $87.43 per square foot.  This South Jersey retail building for sale is available through Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

This Southern New Jersey retail space for sale in the Medford Lakes Retail Center has a projected 2014 income of $103,575 as leased at 100% occupancy, and estimated expenses of $37,723.  The net operating income for this Medford retail space for sale is estimated at $65,852 for 2014.  The estimated CAP rate for this South Jersey retail building for sale is 9.75%.

Financial data for this Medford retail space for sale at 668-676 Stokes Road Medford NJ is available upon request to Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

Medford, the community where this Southern New Jersey retail space for sale is located, has distinguished itself as one of the premier suburbs in the Philadelphia area.  Nestled within the beautiful landscape of the Pine Barrens, Medford is conveniently located in close proximity to both the Jersey Shore and the city of Philadelphia.

For more information about this South Jersey retail space for sale in the Medford Lakes Retail Center at 668-676 Stokes Road Medford NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is the leading South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, 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 of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

WCRE First Quarter Report: Heavy Snow Did Not Dampen First Quarter Commercial Real Estate Activity In Southern New Jersey

research information graphicApril 7, 2014 – Marlton, NJ – The second snowiest winter on record couldn’t stop the enthusiasm in the regional commercial real estate markets, according to the latest quarterly report by Wolf Commercial Real Estate (WCRE). Driven by job gains and growth in some industries, the region bounced back from the slight slow-down of the fourth quarter, posting a 26 percent increase in square feet leased compared with the first quarter of last year.

The report by the Southern New Jersey firm noted many positive trends during the first quarter, setting up for a solid 2014. “This year we’ve seen vacancy rates continue their slow, steady declines, unemployment in New Jersey heading in the right direction, and locally we have seen big shifts by some of the largest corporate players,” said Jason Wolf, founder and principal of WCRE. “A few national trends and headlines, such as declining unemployment nationwide, a cooling of international tensions, and expected increases in consumer confidence, are fueling the increased activity we’ve seen in our region.”

Even with historic severe weather, the CRE market was very busy during first quarter, with further stabilization of rents, the consummation of a mega-deal for a 24-building office/flex portfolio, and another large group of assets coming onto the market. There were approximately 397,141 square feet of new leases and renewals executed in the three counties surveyed. Notably, expansions and new deals remained strong this quarter, representing 54 percent of all transactions. Net absorption for the quarter was approximately 123,746 sf, a 20-point increase over the fourth quarter of 2013.

The report noted that many of the quarter’s subject properties were located in prime 3M locations within Burlington County, and that the tightening of those areas was causing demand to shift toward large vacancies in Camden County.

The two most noteworthy developments in the quarterly report were the closing of Liberty Property Trust’s (NYSE: LRY) disposition of its entire office/flex portfolio in the region, and Brandywine Realty Trust’s (NYSE: BDN) listing a portion of its area portfolio for sale. The Liberty Property Trust portfolio, comprising 1,188,285 square feet in 24 buildings, was purchased by Somerset Properties. Brandywine has listed five office buildings totaling 397,000 square feet.

Other office market highlights from the report:

— Burlington County continued to maintain a significantly lower vacancy rate than Camden County, at 9.6 percent compared with Camden’s 19.3 percent, though both counties saw decreases of more than a point this quarter.

— Average rents for Class A & B product continue to show strong support in the range of $11.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $11.00-$11.50/sf NNN or $21.00-$21.50/sf gross for the deals completed during the first quarter. This is essentially unchanged from the previous quarter.

— New lease activity for Q1 is in the range of approximately 215,910 square feet of new deals and/or expansions and approximately 181,231 square feet of renewals, for a total of approximately 397,141 square feet of leasing activity.

— All of the major private owners and REITS showed a significant increase in prospect activity for the quarter, and are all cautiously optimistic for 2014.

— Businesses that specialize in banking, consulting, government, information technology and financial services all were very active in Southern New Jersey during the first quarter.

WCRE also reported on the local retail market, noting that the first quarter experienced a lull, which was driven in part by the weather and in part by a weak holiday shopping season. Highlights from the retail section of the report include:

— Overall retail vacancy in the tri-county area is hovering around 15.2%, up several points from a fourth quarter marked by disappointing retail sales figures.

— Class A retail product rental rates continue to show strong support in the range of $30.00-$40.00/sf NNN, which is essentially unchanged from the previous several quarters.

— Class B product shows support in the range of $15.00-$25.00/sf NNN.

The full report is available upon request.

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.

Learn more about WCRE online at www.wolfcre.com, on Twitter @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.comwww.southjerseyretailspace.com, and www.southjerseymedicalspace.com.

Premier South Jersey Retail Space for Lease in Cinnaminson

202 Route 130 NorthWolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, now has available premier South Jersey retail space for lease in the Pep Boys Plaza Shopping Center in Cinnaminson.

Located at a high traffic corner on Route 130, this Southern New Jersey retail space for lease at 202 Route 130 North Cinnaminson NJ has multiple spaces available for immediate occupancy.  There are retail units ranging from 2,000 to 7,000 square feet in this Cinnaminson retail space for lease in the Pep Boys Plaza Shopping Center.

The asking lease rate for this South Jersey retail space for lease at 202 Route 130 North Cinnaminson NJ is $15.00/SF NNN.  This retail space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

Tenants currently leasing units in this Southern New Jersey retail space for lease at 202 Route 130 North Cinnaminson NJ include Pep Boys, Subway, Eastern Dental, Zio’s Tuscan Grille and more.  This well-placed Cinnaminson retail space for lease is located across from a retail power center, The Shoppes at Cinnaminson.  Other retailers near this retail space in South Jersey include TD Bank, Dunkin Donuts, McDonald’s Burlington Coat Factory, ShopRite and many other national retail chains.

More than 360,000 potential customers live within a five-mile radius of this Southern New Jersey retail space for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

There is ample parking at this retail space in South Jersey at a ratio of 4.08/1,000 sf.  On average, more than 55,000 vehicles pass through the intersection of Route 130 and Highland Avenue where this Cinnaminson retail space for lease is located.

For more information about this South Jersey retail space for lease in the Pep Boys Plaza Shopping Center at 202 Route 130 North Cinnaminson NJ or about any other South Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Todd Levin (856-857-6319; todd.levin@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate listings, 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 of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.