By Joshua Burd
An investor has paid $2.9 million to acquire a 40,000-square-foot medical office building in Cherry Hill, according to commercial real estate firm Markeim Chalmers Inc.
The firm, which is based in the township, represented both parties in the sale of 1101 Kings Highway North. It identified the buyer and seller as 1101 N Kings Highway LLC and 1101 Associates LLC, respectively.
Kevin Burns, senior vice president of Markeim, brokered the deal
The four-story, multitenant building is 100 percent occupied, Markeim Chalmers Inc. said in a news release. Its new owner plans to renovate the property’s common areas.
