WCRE helps trade 40,000 sq. ft. building in Marlton

Villa Chapman Apartments LLC sold a multitenanted, 40,000-square-foot office building in Marlton to an affiliate of Needleman Management, according to a recent announcement from WCRE.

Evan Zweben, executive vice president at WCRE, exclusively represented Villa Chapman in this transaction.

Located at 400 Lippincott Drive, the building is currently occupied by Citizens Bank, Axia Health’s South Jersey Fertility and the Center for Mindful Health & Acupuncture. It is situated adjacent to Route 73, within the South Crossing office park.

“From helping me purchase both 400 and 406 Lippincott, leasing up vacancies and retaining existing tenants, to selling the 406 building and now the 400 building, Evan has provided sound advice, helping me to maximize my investment,” the former building owner, a local, private investor, said.

“400 Lippincott is a great asset that has been very well maintained by the prior owner, and we are very happy to be the new owner of this very attractive and well-located building. Every real estate transaction is made up of multiple people that need to be managed and innumerable details that need to be gathered and organized. Managing people and managing information are two very different tasks, and Evan did a great job handling both,” David Cohen, president of Needleman Management, stated.

Needleman Management, established in 1985, owns and manages approximately 2 million square feet of commercial office space in South Jersey.