Coldwell Banker New Homes & The Kamson Corp. join Procida's Cherry Hill property team
Cherry Hill, NJ — Just days after acquiring of the 507-unit Plaza Grande development in Cherry Hill, developer Billy Procida engaged Coldwell Banker New Homes as leasing and sales agent along with adding The Kamson Corporation as property manager. The 55+ luxury complex currently has 224 units occupied, and under Procida’s acquisition plan, it will complete the remaining 283 units.
“The demand for 55+ homes has never been stronger; move-down prospects see the benefits of maintenance-free living in a highly-amenitized community”, said Sheryl Ritschel, director of leasing at Coldwell Banker New Homes. “Plaza Grande is a well-established property already with an amazing Cherry Hill location; the enhancements Procida is making, combined with the CB New Homes’ leasing expertise, make our partnership poised for success.”
“The team at Procida has proven time and again that they identify incredible opportunities and can deliver a product that is above and beyond what exists in the marketplace,” said Jeff Kurtz, president of The Kamson Corporation. “With Plaza Grande’s expansive amenities and living offerings, we are incredibly excited to take over property management responsibilities at the complex.”
The property is located on what was previously the Garden State Park racetrack. It is located at the intersection of Haddonfield Rd. and Chapel Ave. and features a sprawling complex with a diverse range of housing options, including condominiums and rentals, along with an array of retail stores, such as Home Goods, Home Depot, Trader Joe’s, Wegman’s, TJ Maxx, Cheesecake Factory, and more. Amenities include an 18,000 s/f clubhouse with an indoor pool, gym, yoga studio, movie theater, elevators in all buildings, and private parking.
“Adding Kamson and Coldwell Banker New Homes to the Procida Team at Plaza Grande adds to the fantastic dynamic of this amazing location,” said Billy Procida, founder and CEO of Procida Funding and Advisors.