Nessel Development, a commercial real estate investment firm headquartered in Dallas, Texas, announced its acquisition of the four-building office campus at 300, 302, 330 and 350 Fellowship Road, Mount Laurel, New Jersey, representing the firm’s latest expansion in the region. Located on 20+ acres, the complex has a combined 234,563 square feet of Class A office space and features the only LEED Gold Certified building in Southern New Jersey outside of Camden. The mix of single- and multi-story buildings are state-of art, within a setting of interconnected walkways, brick patios, flowing ponds, fountains and sculptures, and home to a diverse group of high profile tenants. With a shared occupancy rate of 76% currently, the site will be at 90% leased by summer’s end. As part of its planned improvements, Nessel will be rebranding the site formerly named Liberty Walk at East Gate. The new Fellowship Corporate Center will capture the essence of what is currently one of the newest commercial real estate assets in the highly sought after Mount Laurel area.

First entering the New Jersey market in March 2018, the Fellowship Corporate Center purchase comes on the heels of several Nessel investments in the state over the past 15 months ~ a portfolio which now exceeds one (1) million square feet and 10+ commercial real estate buildings. Other office and office/flex sites include 71,955 square feet at 150 College Road in Princeton, 119,089 square feet at 5 Paragon in Montvale and 183,000 square feet at 9 North Olney in Cherry Hill. The firm also expanded further north with its acquisition of a 157,267 square feet manufacturing facility at 127 Park Avenue in East Hartford, Connecticut.

Says Ari Nessel, Principal, Nessel Development, “New Jersey, and specifically this new acquisition, is well-aligned with our investment strategy, one the seeks the selection of safe, high yielding commercial properties. Equally important is the state’s commitment to supporting green investments through energy incentives, a core component of the Nessel mission in our approach to real estate and the community as a whole.”

Nessel Development is commercial real estate investment firm founded in 1999 with a current portfolio that includes a mix of Office, Flex and Industrial and Retail properties and approximately 1.3 million square feet in five (5) states nationwide, including New Jersey, Texas, Kentucky, Connecticut and Wisconsin. Initially focused on the Multi-Family market, managing 9,500 units at one time, Nessel has shifted focus strategically to that of its current investment mix. The firm’s comprehensive asset management encompasses new construction, property renovation, financing and day-to-day onsite responsibilities alongside efforts to incorporate various green practices into its properties. Moreover, Nessel firmly embraces corporate social responsibility and believes in sharing the financial success of its efforts with the community. The firm, which is headquartered in Dallas, Texas, has a local office at 3000 Atrium Way in Mount Laurel, New Jersey and growing local team that currently is comprised of portfolio relations, construction management and energy efficiency professionals. For more information, visit nesselinc.com.