NAI Mertz said it recently completed the sale of East Gate Business Center, a 116,000-square-foot office and flex complex in Mount Laurel.
The team of President Scott Mertz, Executive Vice President-Managing Director John Adderly, Senior Vice Presdient Rebecca Ting, and Vice President Julie Kronfeld represented the previous owner, Eastgate Business Center LLC, in this transaction. The buyer, Strategic Funding Alternatives LLC, adds this eight-building business complex to its existing South Jersey portfolio of properties.
“Our team has served as exclusive leasing agents at East Gate since 1998, and we are pleased to have represented our client in trading this first-class property to SFA, as they continue to expand and diversify their portfolio of assets,” stated Mertz. “As experts in the Mount Laurel office and flex real estate landscape, we look forward to remaining the exclusive agents of this corporate center and bringing new and exciting companies to the mix of tenants that call East Gate home,” he added.
East Gate Business Center spans eight buildings situated on 9 acres on Gaither Drive in the heart of Mount Laurel. The complex is currently 94 percent leased to tenants that include NJ Default Group LLC, Terminix International Co., The McSweeney Agency, and Starlight Homecare Agency. With access to Ineterstate 295 and the New Jersey Turnpike, East Gate Business Center is located less than fifteen minutes to Philadelphia via the Walt Whitman, Ben Franklin, Betsy Ross, and Tacony-Palmyra bridges. An extensive variety of hotels, restaurants, shopping options, and other amenities are nearby making this a highly sought-after destination for businesses and employees alike.