Three-building light industrial portfolio sold in South Jersey

A three-building light industrial portfolio in South Jersey has been sold, according to real estate firm WCRE.

The firm said in a news release that it exclusively represented Davis Enterprises in the sale of the properties, which total 128,000 square feet, to Wharton Equity Partners.

The three properties include:

  • 2091 Springdale Road, Cherry Hill, 72,000 square feet;
  • 65-67 Old Kings Highway, Maple Shade, 34,000 square feet;
  • 77 Old Kings Highway, Maple Shade, 22,000 square feet.

At the time of the sale, the portfolio was 96% leased to 11 tenants.

WCRE was the sole broker in the transaction, with Sean Kelly, senior adviser, exclusively representing both parties. It has been retrained to exclusively market the flex/warehouse properties, as well.