2030 Springdale Road in Cherry Hill — Courtesy: Wolf Commercial Real Estate
By Joshua Burd
A growing manufacturer has leased nearly 7,500 square feet of light industrial space in Cherry Hill, in one of two recent deals by Wolf Commercial Real Estate.
Brokers say DECA Switchlabs, which provides electric machinery switches and terminal blocks, is taking space at 2030 Springdale Road as part of an expansion of its distribution operations. Its new location, which is minutes from Interstate 295, Route 73 and the New Jersey Turnpike, will support its goal of capturing a higher market share within the U.S.
WCRE’s Sean Kelly, a vice president with the firm, represented DECA in the 7,460-square-foot deal with Cherry Umbrella LLC.
The brokerage firm also represented 2327 Cuthbert LLC in its recent sale of a 2,000-square-foot office building at 19 West Cuthbert Blvd. in Collingswood. HomeLink Development LLC will move its headquarters to the property after purchasing it for an undisclosed price.
WCRE Senior Adviser Phil Costa represented the buyer in the deal.
