Markeim Chalmers Negotiates Sale of 33,303 SF Multi-Building Office Portfolio in Berlin, NJ

8/20/20

Markeim Chalmers, Inc., a leading commercial real estate, appraisals and property management firm in the Philadelphia Metropolitan Area, announces the following transaction in Berlin, New Jersey.

PROPERTY ADDRESS: 20 E. Taunton Road, Buildings 1, 3, 4 and 5Berlin, NJ 08009
SITE DETAILS: 33,303 SF
SELLER: Affiliated Management
SELLER REPRESENTATIVE: Adam Dembo, Senior Associate, Markeim Chalmers
BUYER: Taunton Rd LLC
BUYER REPRESENTATITVE: Adam Dembo, Senior Associate, Markeim Chalmers

Markeim Chalmers announces the sale of a 33,303 square foot multi-building office portfolio located at 20 E. Taunton Road in Berlin, New Jersey. Senior Associate Adam Dembo representative both Affiliated Management (seller) and Taunton Rd LLC (buyer) in the negotions which closed on August 14, 2020. According to Dembo, the private equity group based in Lakewood, NJ saw significant value add upside in the four-building purchase, including below market rents, strong tenancy and an 89% occupancy rate at time of sale. The firm has plans to reposition the property with better management and capital improvement to attract new and retain current tenants. Located just off Route 73 with easy in and out access, the complex is near Virtua Voorhees Hospital, the PATCO Station for the Atlantic City Rail Line and a multitude of local amenities. For more information, contact Adam Dembo at (856) 324-5194 or adembo@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 is one of the oldest and most respected firms in the 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 proud of the experience, knowledge and connections we bring to each and every transaction along with our strong commitment to community enhancement and charitable activities.