Strategic Funding Alternatives, LLC acquires 56,000+ s/f office building in Mount Laurel, NJ
MOUNT LAUREL, NJ — Strategic Funding Alternatives, LLC (SFA), a privately held commercial real estate investment and property management company, announced its acquisition of 5000 Dearborn Circle – a 56,016 s/f class B, 1-story, multi-tenant office building in Mount Laurel. The firm, which is well known for its value-add focus, already has plans for several capital improvements, including a new building façade, greater signage, updated restrooms and renovated common areas. With the refreshed look and easy access to Rte. 73, I-295 and the New Jersey Tpke., SFA is targeting a number of prominent companies to complement the existing tenant base. “We’ve had our eye on this Dearborn property for some time now,” said SFA managing principal, Jeffery Schneider. “Dearborn fits SFA's value-add focus of a prominent office property in an excellent location on Rte. 38. It’s a great addition to our core holdings in Moorestown and Mount Laurel." The sale between SFA (buyer) and Greenfield Properties (seller), who was represented by Somerset Properties, closed on June 13, 2019.