275 Haddon Ave. in Collingswood — Courtesy: Vantage Commercial
By Joshua Burd
Local investors have acquired a commercial property in Collingswood with plans to redevelop the site, leveraging the borough’s well-known downtown and its access to mass transit.
According to Vantage Commercial, which brokered the sale at 275 Haddon Ave., the tract is the longtime home of a medical office building on the outskirts of the central business district. Its new owners, which paid an undisclosed price, include area business owners and real estate operators seeking to position it as a value-add investment property.
Vantage Commercial Vice President and Partner Ken Richardson and Senior Advisor Vince Ceroli represented the seller, noting that Collingswood continues to attract strong interest from investors due to its walkable downtown, high foot traffic and proximity to the PATCO Speedline, which offers direct access to Philadelphia.
“This transaction highlights the continued demand for well-located commercial real estate in Collingswood, NJ,” Richardson said. “Properties along Haddon Avenue with redevelopment potential are attracting investors seeking long-term value and strong fundamentals in the South Jersey market.”
