The Woodland Falls Corporate Center on Lake Drive East in Cherry Hill — Courtesy: Strategic Funding Alternatives LLC
By Joshua Burd
An investment firm has acquired a nearly 220,000-square-foot office complex in Cherry Hill, its largest acquisition to date since the launch of the firm in 2016.
The buyer, Strategic Funding Alternatives LLC, on Wednesday detailed its purchase of the three-building Woodland Falls Corporate Center at Lake Drive East and Route 38. Located on 17 acres, the 218,159-square-foot campus spans 200, 210 and 220 Lake Drive East and is 97 percent occupied, with tenants including PNC Bank, Corcentric LLC, Ballard Spahr LLP and others.
Terms were not disclosed.
“With its convenient location and parklike setting, Woodland Falls has been a long sought after corporate park and we look forward to further strengthening its appeal,” said Jeffery Schneider, SFA’s managing principal, later adding: “We are excited to add such a premier site to our property portfolio.”
The firm is now planning upgrades to the complex’s common areas and landscaping. Other tenants include 1st Colonial Community Bank and M&T Bank.
