The Bloom Organization, a South Jersey real estate firm, has sold its former Mount Laurel headquarters to an affiliate of Needleman Management Co., according to Colliers International.
Colliers’ Mount Laurel office represented the Bloom Organization in the sale of “Bloom Court,” a 43,000-square-foot Class A midrise office building at 1300 Route 73. Bloom is vacating the property for the first time since its construction, but remaining tenants include Core Title, the Law Offices of Dembo, Brown and Burns, and others.
Colliers’ Evan Zweben, Marc Isdaner and Ian Richman handled the sale for Bloom, and will market the 5,700-square-foot divisible suite that it is vacating, with fourth-quarter occupancy available.
“To me, having a strong, local investment group with a proven track record purchase a stabilized office asset in the midst of the ongoing pandemic should provide everyone with a sense of stability,” Zweben said in a prepared statement.
“We believe the fundamentals are there for the southern New Jersey office market to remain strong and vibrant in the years to come,” David Cohen, president of Cherry Hill-based Needleman, said in a statement. “… We look forward to adding Bloom Court to our portfolio and providing its tenants with the same great experience they received from Bloom.”
