C. World Bell Wholesale Co. Acquires Former Courier-Post Printing Plant In Cherry Hill For $8.4M

The asset involved in this transaction is an industrial property spanning 166,489 square feet, located at 301 Cuthbert Boulevard in Cherry Hill. The sale price for this property was $8,400,000, which amounts to approximately $50 per square foot. The property is set on a 12.78-acre lot and was previously utilized as a printing plant by Courier-Post before its acquisition.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,400,000
• Buyer: C. World Bell Wholesale Co.
• Seller: Mike Reed - Gannett
• Market: Cherry Hill
• Square Footage: 166,489
• Price Per Square Foot: $50

C. World Bell Wholesale Co. acquired the property from Gannett after it had been on the market for 13 months. Following Gannett’s decision to cease printing operations at the site in 2024, the buyer intends to convert the facility to suit its distribution needs.