Two Executive Campus in Cherry Hill — Courtesy: NAI Mertz
By Joshua Burd
A newly formed publishing group is among two tenants to lease space at a Cherry Hill office building, according to commercial real estate firm NAI Mertz.
The brokerage said this week that it represented the landlord, doing business as 1930 NMT Owner LLC, in two transactions at Two Executive Campus on Route 70. The larger of the two involved a 15,127-square-foot lease to Newspaper Media Group LLC, a company that was formed after the recent acquisition of the Greater Media Newspapers chain.
The company, which now owns 23 publications in central and southern New Jersey, will use the Cherry Hill space as its new headquarters, NAI Mertz said. Rebecca Ting, vice president, and Julie Kronfeld, sales associate, responded to broker a deal that required immediate occupancy at the 102,591-square-foot office building.
“The merger of these newspaper groups was a major transaction in the south Jersey/greater Philadelphia media industry, and the newly formed company needed an attractive office space to call its home,” Ting said in a prepared statement. “The west Cherry Hill office market is experiencing a recent uptick in leasing momentum and this transaction is a testament to this trend.”
In the second transaction, Ting and Kronfeld represented ownership in a 13,923-square-foot lease with an undisclosed tenant.
“The new ownership has an excellent sense of the qualities that constitute a superior office building and they know how to deliver these conditions to their tenants,” Kronfeld said. “Two Executive Campus is professionally managed and will be phasing in improvements to the common areas as part of their continuous beautification initiatives.”
Ting and Kronfeld, along with Fred Meyer, vice president-corporate services, have served as exclusive leasing agents for the property since 2013. The team last year brokered the sale of the building to its current owner, while completing more than 71,000 square feet of office leases during the length of the assignment.
The four-story, Class A building was recently renovated to feature a new lobby with a polished granite floor, NAI Mertz said. It sits five miles from Center City Philadelphia, with immediate access to routes 38 and 70 and proximity to Interstate 295 and the New Jersey Turnpike.
