Strategic Funding Alternatives, LLC acquires 57,000 s/f class A office building in Voorhees
VOORHEES, NJ – Strategic Funding Alternatives, LLC (SFA), a privately held commercial real estate investment firm, announced its acquisition of 1020 Laurel Oak Rd. in Voorhees. Located minutes from Ritz Center at the intersection of Haddonfield-Berlin Rd. (Rte. 561), the 57,000 s/f class A office building is home to a number of tenants with the largest being Penn Medicine, which recently signed a long term lease. Lobby and common area improvements are only some of the value add enhancements SFA has planned for the site in order to further strengthen the growing healthcare presence in the Voorhees/Cherry Hill area. “We continue to see a mix of value-added and stabilized investment opportunities in the South Jersey office market,” said SFA managing principal, Jeffery Schneider. “This 1020 Laurel Oak building is a great example.” In a separate transaction, Strategic Funding Alternatives, LLC welcomed Univest Bank and Trust Co. as its newest tenant at 312 Rte. 38 in Moorestown. The long-standing community back and full service financial institution will take 4,663 s/f of space and SFA will provide comprehensive tenant fit-out services with occupancy slated for October 2019. Univest is the latest in a number of corporate tenants joining SFA in its headquarters building. Since acquiring the site from PNC Bank in late 2018, the firm has completed major renovations including new common areas along with the addition of an Avanti market, outdoor patio and walking trail. More tenants are also scheduled for occupancy later this year.