January 5, 2015 [Pennsauken, NJ] - Colliers International’s Southern New Jersey Office concluded the sale of an 18,240-square-foot office building located in the Airport Industrial Park at 7895 Browning Road in Pennsauken, NJ. The Colliers team of Evan Zweben, Ian Richman, and Marc Isdaner marketed the facility on behalf of The Bloom Organization. The property sold for $1.75 million.
The Bloom Organization built 7895 Browning Road in 1985 for ADT, who vacated the building earlier this year. ADT had been the only Tenant to ever occupy the building.
The buyer, Physical and Tactical Healthcare Services, LLC (PATHS), was recently awarded an incentive package by the New Jersey Economic Development Association (NJEDA) related to the Economic Opportunity Act of 2013. The building was ideal for PATHS because of the proximity to their current Cherry Hill facility as well as the abundant amount of parking spaces.
“This was a challenging assignment for our office, since we were trying to sell a well maintained office building located in the middle of an industrial park,” said Marc Isdaner, a principal in Colliers International’s Mount Laurel office. “However, we were able to overcome that ‘obstacle’ by creating and implementing a direct marketing campaign for this property.”
The Airport Industrial Park is situated between Routes 38, 70 and 130, providing direct access to Routes 676 and the Ben Franklin Bridge.
About The Bloom Organization
The Bloom Organization is a prevailing leader in the Southern NJ office and industrial real estate market. It is operated by a conscientious, dedicated, motivated and responsible team of employees. A high level of attention to detail, quality and care, from the construction and maintenance of the facilities, to the leasing and care of our tenants, is of the utmost importance. We will consistently strive to meet the needs of both corporate and local businesses with high standards of excellence.