Two tenants have signed leases for offices at a property in Cherry Hill, according to real estate firm NAI Mertz.Two Executive Campus is a 102,591-square-foot Class A property located on Route 70 in the township’s Golden Triangle section.
The first tenant, Newspaper Media Group LLC, is a recently formed publishing company that signed for 15,127 square feet of office space to serve as its new headquarters. Newspaper Media Group publishes 23 papers in central and southern New Jersey, including the recently purchased Greater Media Newspapers, which owned 10 weekly papers in three New Jersey counties.
“The merger of these newspaper groups was a major transaction in the South Jersey/greater Philadelphia media industry, and the newly formed company needed an attractive office space to call its home,” Rebecca Ting of NAI Mertz said in a prepared statement. “The west Cherry Hill office market is experiencing a recent uptick in leasing momentum, and this transaction is a testament to this trend.”
The second tenant, which was not disclosed, signed for 13,923 square feet of space.
Ting, a vice president, and Julie Kronfeld, a sales associate, represented building owner 1930 NMT Owner LLC in the deals.
“The new ownership has an excellent sense of the qualities that constitute a superior office building, and they know how to deliver these conditions to their tenants,” Kronfeld said in a statement. “Two Executive Campus is professionally managed and will be phasing in improvements to the common areas as part of their continuous beautification initiatives.”
Ting, Kronfeld and Fred Meyer, vice president-corporate services, have served as exclusive leasing agents for Two Executive Campus since 2013, and brokered the sale of the building last year to the current owner.
NAI Mertz has offices in Mount Laurel and in Pennsylvania.