NAI Mertz Leases 1,950 SF to Mortgage Company in Cherry Hill
MT. LAUREL, N.J. (November 10, 2014)— NAI Mertz, a leading full-service commercial real estate firm serving southern New Jersey and greater Philadelphia, recently negotiated the lease of 1,950 SF of office space at 1101 North Kings Highway in Cherry Hill, New Jersey to Acre Mortgage and Financial, Inc. John Brown, broker associate, of NAI Mertz’s Mount Laurel headquarters, represented the tenant in the transaction. The building’s ownership, 1101 Associates, LLC, was represented by Needleman Management Company.
“It’s a pleasure to welcome another mortgage company to Southern New Jersey – a growing hub for financial institutions,” said Brown.
The transaction represents a relocation for Acre Mortgage from Marlton to Cherry Hill, as well as an expansion from 800 to 1,950 SF of office space. Acre Mortgage plans to employee about 10 brokers and administrative professionals at their Cherry Hill location.
Located along Kings Highway (Route 41) in Cherry Hill, 1101 North Kings Highway is a 41,000 SF four-story, multi-tenant, modern office building. The property offers easy access to an abundance of nearby amenities and South Jersey’s major roadways, such as I-295, the New Jersey Turnpike, Route 70, the Cherry Hill Mall, Garden State Pavilion, and many other restaurants, banks and retailers. It is also easily accessible to Philadelphia via car or public transportation.
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About NAI Mertz
Founded in 1980, NAI Mertz is a leading full-service commercial real estate firm serving the southern New Jersey and greater Philadelphia areas. With offices in Mt. Laurel, NJ; Bucks County, PA; and NAI Mertz of PA in Wilkes-Barre, PA, the company provides expert services in brokerage, leasing, sales, investments, property management, site selection and construction management in the industrial, office and retail sectors. NAI Mertz’s clients include Fortune 500 companies, financial institutions, private investors, large public corporations and small businesses. Its partnership with NAI Global, one of the largest managed networks of commercial real estate service providers comprising 6,700 professionals in more than 375 offices in over 55 countries, enables the firm to provide large-scale global real estate services with a unique local expertise.
For more information on NAI Mertz, visit its web site at www.naimertz.com, or contact its Mt. Laurel, NJ, headquarters at 856.234.9600, or NAI Mertz of PA at 570.820.7700.
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