353 Crider Ave. in Moorestown — Courtesy: Colliers International
By Joshua Burd
A buyer has made its entrance to the South Jersey industrial market with its acquisition of a 22,500-square-foot property in Burlington County.
Colliers International, which brokered the deal, announced Wednesday that Court Street Ventures had completed its purchase of 353 Crider Ave. in Moorestown. It’s now planning a major renovation to the interior and exterior of the building, which has 23- to 27-foot ceiling heights and one acre of outside storage and trailer parking.
Ian Richman of Colliers’ Mount Laurel office represented Court Street Ventures in the deal and is now overseeing the leasing efforts, according to a news release. The improvements are expected to be completed by the middle of the first quarter.
“We are looking forward to bringing this property to the market in the coming weeks, offering a unique combination of direct access to the greater Philadelphia consumer market and excess land for trailer parking or outside storage,” said Evan Kleppe, principal with Court Street.