Markeim Chalmers, Inc., a leading commercial real estate, appraisals and property management firm in the Philadelphia Metropolitan Area, announces the following transaction in Cherry Hill, New Jersey.PROPERTY ADDRESS: 124 Brace Road, Cherry Hill, NJ (Camden County)
SITE DETAILS: 3+ Acres plus Liquor License
REAL ESTATE SALE:
PURCHASE PRICE: $2,550,000.
BUYER: Cherry Hill MC Real Estate LLC
LIQUOR LICENSE SALE:
PURCHASE PRICE: $1,050,000.
BUYER: Woodcrest LLC
BUYER REPRESENTATIVE: Kevin Burns, Senior Vice President – Markeim Chalmers

NOTES: Markeim Chalmers represented both buyers in the sale of the Coastline Restaurant and its liquor license. Located at 124 Brace Road, the Cherry Hill landmark which sits on 3+ acres of prime real estate was purchased by Cherry Hill MC Real Estate LLC for $2,550,000. They will develop a 64-bed assisted living facility. The Coastline liquor license was sold separately to Woodcrest LLC for $1,050,000 and will be used at the Woodcrest Country Club in Cherry Hill. Both sales closed on February 5, 2016 for a total of 3,600,000. For more information contact Kevin Burns at (856) 324-5191/
kburns@markeim.com.

Markeim Chalmers, Inc. is a full-service commercial real estate firm located in Cherry Hill, NJ, led by Fred S. Berlinsky, Esq., President. Founded in 1922, Markeim has evolved into one of the largest commercial real estate firms in the Philadelphia Metropolitan Area, servicing office, retail and industrial markets throughout the region. Markeim is also involved in the sale and development of commercial land, acquisitions, property management, appraisals and investments. With its focus on the Philadelphia Metropolitan Area marketplace, Markeim is also strongly committed to community enhancement and charitable activities.