Melrose Solomon Enterprises Acquires Moorestown Corporate Center Office Portfolio From Keystone For $17.6M

The transaction involves the sale of an office portfolio comprising three properties located at 224, 228 & 232 Strawbridge Drive in the Moorestown market. The sale price amounts to $17,600,000 and the total square footage of the properties is 222,888, translating to a price per square foot of $79.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,600,000
• Buyer: Melrose Solomon Enterprises
• Seller: Keystone
• Brokers: David Dolan, Angelo Brutico & Anne Klein - Newmark
• Mortgage Brokers: Steve Comly & Eric DeStefano - Newmark

Melrose Solomon Enterprises acquired the Moorestown Corporate Center office portfolio from Keystone. The transaction was facilitated by Newmark, with brokers David Dolan, Angelo Brutico, and Anne Klein managing the sale. Financing for the buyer was arranged by mortgage brokers Steve Comly and Eric DeStefano, also from Newmark.