876-900 Lenola Road in Moorestown
By Joshua Burd
An investor has acquired a six-building, 168,000-square-foot industrial and flex office in Moorestown, in a deal brokered by Wolf Commercial Real Estate.
In a news release, WCRE said it represented 900 Lenola LLC in the acquisition of 876-900 Lenola Road from the Mayberry Estate. The firm added that the new owner of the property plans to begin a series of upgrades immediately to help improve what it sees as an investment property.
Chris Henderson, vice president for WCRE, exclusively represented the buyer in the deal. The new ownership has retained the brokerage to market and lease up to 92,000 square feet.
Sitting on about 33 acres between routes 130 and 38, the complex is in the heart of Moorestown and has easy access to surrounding highways leading to other parts of the region and into Philadelphia, the news release said.
