Colliers International announced Tuesday it recently concluded a series of transactions at 406 E. Gibbsboro Road, a medical office building in Lindenwold.
This spring, the property’s existing OBGYN practice will be consolidating and relocating to Voorhees, in a separate move led by Colliers.
Concurrently, Colliers represented the building owner, GLG Properties, in a new lease of 9,468 square feet to Virtua Medical Group. Subsequently, Colliers also represented GLG in its sale of the property to an affiliate of Needleman Management for $925,000.
Virtua, who will be relocating an existing practice from across the street along with other services, is expected to take occupancy by late Spring/Summer of 2019.