Mount Laurel, NJ — CBRE announced that it has successfully arranged for the sale of the six-building Greentree North Corporate Center (11000, 12000, 14000, 15000, 17000 & 18000 Commerce Parkway) and 1001 Briggs Rd. in Cambridge Crossing, totaling 244,000 s/f of single-story office/flex buildings, all located in Mount Laurel, Burlington County. The portfolio was acquired by Golden Gate Capital for a total sale price of $14.85 million. Just 12 months ago, Golden Gate had also acquired Colwick Business Center, a 172,500 s/f single-story office park in Cherry Hill.
Stephen Marzullo and Adam Silverman of CBRE’s Philadelphia Commercial Investment Properties team, along with Jon Sarkisian, department head of CBRE’s Southern New Jersey office, represented the seller in the marketing and sales negotiations.