Four-building NJ portfolio marks first for Mobius

Holliday Fenoglio Fowler LP has arranged the sale and financing of a 304,732-square-foot, four-property portfolio comprised of Marlton Executive Park I and II, at 701A and 701C Route 73 S. in Marlton, and Mount Laurel’s Horizon Corporate Center at 3000 Atrium Way.Holliday Fenoglio Fowler LP has arranged the sale and financing of a 304,732-square-foot, four-property portfolio comprised of Marlton Executive Park I and II, at 701A and 701C Route 73 S. in Marlton, and Mount Laurel’s Horizon Corporate Center at 3000 Atrium Way.

HFF represented seller Somerset Properties and acquired the buyer, Mobius. HFF also arranged a 10-year, fixed-rate acquisition loan through Wells Fargo Bank on behalf of Mobius.

Part of a broader redirection from multifamily properties, the $31.4 million sale is the inaugural purchase in the office-sector for Mobius. CBRE will manage the properties and Somerset Properties will be retained to oversee leasing.

Current tenants at the 94 percent leased properties include Liberty Mutual, TD Bank and Virtua.