Commerce Construction Corp. Purchases Office Building In Cherry Hill From Bregan LLC For $2.1M

Bregan LLC sold a 20,000-square-foot office building located at 1934 Olney Avenue in Cherry Hill, New Jersey, to Commerce Construction Corp. for a price of $2.1 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,100,000
• Address: 1934 Olney Avenue
• Market: Cherry Hill
• Square Footage: 20,000
• Price per Square Foot: $105
• Buyer: Commerce Construction Corp.
• Seller: Bregan LLC
• Broker: Bethany Brown - Wolf Commercial Real Estate

Wolf Commercial Real Estate represented Bregan LLC in the transaction, while IAA Insurance will continue to occupy the second floor of the building as a tenant.