Newmark (NMRK), as exclusive representative, is pleased to present the opportunity to acquire Moorestown Corporate Center, a 222,888 square foot Class A three- building office portfolio located in one of suburban Philadelphia’s most desirable locations. The portfolio is 72% leased to a well-diversified rent roll featuring a weighted average lease term of 6.61 years.
This offering represents a rare opportunity to acquire a highly amenitized, long- term leased, Class A three-building portfolio which includes substantial value- add upside. A new owner will have the opportunity to increase, the already significant, net operating income through new leasing.
Located just off Route 38 and Fellowship Road in Moorestown, New Jersey, the Property benefits from exceptional access to major highways such as Interstate-295 and the New Jersey Turnpike (Interstate 95). The Property is also surrounded by a great abundance of retail and entertainment amenities, located just over a mile away from the Moorestown Mall.
Two of the Three Buildings at Moorestown Corporate Center are occupied by long- term tenants. 228 Strawbridge Drive is the headquarters for AnewHealth (formerly Tabula Rasa Healthcare), a pharmaceutical technology company. 232 Strawbridge Drive is home to Berkley Insurance Company, an industry leader founded in 1967 with annual revenues exceeding $12B.
LONG TERM LEASED TO ANEWHEALTH & BERKLEY INSURANCE COMPANY
NO LEASE EXPIRATIONS UNTIL MAY 2026
IMMEDIATE RISK-ADJUSTED RETURNS
HIGH END INTERIOR FINISHES AND EXTERIOR DESIGN
BRAND NEW TENANT AMENITIES