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Golden Gate Capital Acquires Mt. Laurel Portfolio
CBRE arranged the sale of the six-building Greentree North Corporate Center and 1001 Briggs Rd. in Cambridge Crossing, totaling 244,000 square feet of single-story office/flex buildings in Mount Laurel, NJ. Golden Gate Capital acquired the portfolio for a total of $14.85 million.
Philadelphia-based Stephen Marzullo and Adam Silverman of CBRE’s Philadelphia Commercial Investment Properties team, along with Jon Sarkisian, department head of CBRE’s Southern New Jersey office, represented the undisclosed seller in the marketing and sales negotiations.
San Francisco-based Golden Gate awarded the leasing assignment to Sarkisian and his colleagues Brian Saggiomo and Lisa Gibson. Greentree North Corporate Center has been renamed Mount Laurel Commerce Center by new ownership.
“As single-story buildings with private entrances, Mount Laurel Commerce Center and 1001 Briggs Rd. are uniquely positioned to address new workplace health and safety recommendations,” said Sarkisian.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
