650 Kresson Road in Cherry Hill — Courtesy: Wolf Commercial Real Estate
By Joshua Burd
A sports and entertainment operator has acquired two facilities in southern New Jersey, under a newly completed transaction by Wolf Commercial Real Estate.
The buyer, XL Sports World LLC, acquired the properties from Roll CH Associates LLC and 201 Ark Road Associates LLC for an undisclosed price. The properties include 650 Kresson Road, an 80,000-square-foot complex in Cherry Hill, and the 76,000-square-foot 1 Hovtech Drive in Mount Laurel, both of which operate as International Sports Centers.
WCRE Principal and Vice President Christopher Henderson represented both parties, noting that the sales included the operating businesses. XL Sports World will continue to operate the facilities under the existing name and add their own value to the properties and business.
Both properties are sports and recreation facilities with turf, a sports court, a fitness facility and other sport/recreational uses, WCRE said.