CHERRY HILL, NJ — Commerce Center, in Cherry Hill, is expanding its class A office campus by 15,200 s/f with the construction of two, fully approved pad sites, announced the property’s asset manager, Diversified Management Plus (DMP). Children of America has signed a 10,000 s/f, long-term lease for one of the new buildings.
Groundbreaking is expected in the 4th quarter of 2024, and an early 2025 opening planned for the childcare center – which will front Chapel Avenue West. WRJ 4 Sale Realty served as the tenant broker.
“Commerce Center is expanding to provide valuable amenities to its tenants and the surrounding communities,” said DMP’s Bill Klein, vice president of operations. “In Children of America, a trusted provider of childcare, the region’s families will benefit by having a convenient location at Commerce Center, which is on the ‘Golden Mile’ for retail between Towne Place and the Cherry Hill Mall. New construction at an office park is a rarity in today’s environment and clearly speaks to the ideal access and quality of this class A campus.”
In addition to the Children of America building, Commerce Center has an additional freestanding retail pad available that can accommodate a 5,200 s/f building. This retail pad – ideal for medical or retail uses – will front Haddonfield Rd. Groundbreaking date for this second Commerce Center pad site is to be determined. Vissi Architectural + Design serves as the architect for both of the planned buildings.
Located at 1800, 1810, and 1820 Chapel Avenue West, the three-building, 153,000 s/f Commerce Center is situated just off Rte. 38 at the intersection of Chapel Avenue West and Haddonfield Rd. It is less than 10 miles east of Philadelphia. On site, tenants have complimentary access to a full-scale fitness center, shared conference space and ample parking. Two large-scale retail centers within one mile of the campus offer convenience to abundant shopping and dining options.
Long-time tenant Kremer Eye Center recently relocated and expanded its footprint at the class A campus and committed to another long-term lease. A leading regional provider of innovative vision care services and surgical solutions, Kremer Eye Center moved from 1800 Chapel Avenue West into a newly built-out, state-of-the-art facility at the adjacent 1820 Chapel Avenue West. The campus also serves as home to Cranial Technologies, Lincoln Financial and a diverse mix of businesses and service providers.
At Commerce Center, recent campus-wide upgrades include new roofs with solar panels on all three buildings. Highlights also include a courtyard; its renovation this year will incorporate expanded seating and tables. Additional planned improvements include new monument signage on Haddonfield Rd., providing enhanced tenant name exposure on that high-traffic thoroughfare.
“The positive momentum at Commerce Center is palpable,” said Michael Rosenbaum, general manager of DMP. “Along with the range of ongoing upgrades, the addition of an on-site childcare center – a sought-after amenity – will further amplify the complex’s desirability for class A tenants.”
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