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JLL Closes Sale, Financing for Philly-Area Offices

JLL closed the $33-million sale and $24.75-million financing of Woodland Falls, a three-building, Class A office portfolio totaling 217,986 square feet in Cherry Hill, NJ. The firm marketed the property on behalf of seller Crown Properties, and procured the buyer, SFA, while also working on SFA’s behalf to secure the 10-year, fixed-rate acquisition loan.

Woodland Falls is located on 17 acres within the Woodland Falls Corporate Park, just off of Route 38 in Cherry Hill. It’s approximately a 10-minute commute to Center City Philadelphia. The properties were built in the late 1980s and are 92% leased overall to primarily credit tenants.

The JLL Capital Markets team representing the seller was led by senior managing director Doug Rodio. The team representing SFA was led by senior managing director Ryan Ade and directors Neil Campbell and Michael Pagniucci.

Connect With JLL Capital Markets Philadelphia

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

  • ◦Financing
  • ◦Sale/Acquisition
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