Real estate investment firm Strategic Funding Alternatives LLC has acquired a Cherry Hill office complex, it announced Wednesday.
Financial terms were not disclosed.
The Moorestown-based firm said in a news release that it has purchased Woodland Falls Corporate Center, a three-building complex at 200/210/220 Lake Drive E. that includes a total 218,159 square feet of Class A space.
“With its convenient location and parklike setting, Woodland Falls has been a long-sought-after corporate park, and we look forward to further strengthening its appeal,” SFA Managing Principal Jeffery Schneider said in a prepared statement. “We are excited to add such a premier site to our property portfolio.”
Privately-held SFA noted the property represents its largest acquisition to date. It has a portfolio of 23 properties totaling more than 1 million square feet, primarily in South Jersey.
The complex is currently 97% occupied by companies including PNC Bank, Corcentric LLC and M&T Bank.