The office asset located at 2370 Route 70 in Cherry Hill has been acquired for $2,600,000. The total square footage of the property is 102,000, resulting in a price per square foot of $25. The transaction took place in the Cherry Hill market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,600,000
• Buyer: Brandon Rolnick - Lord Fisher Capital
• Seller: Trigild IVL LLC
• Brokers: Brett Segal, Matthew Blumberg, Tom Hall & Kyle Kaminski - JLL
• Square Footage: 102,000
• Price Per Square Foot: $25

Lord Fisher Capital, represented by Brandon Rolnick, plans to invest $1.5 million in renovations to increase occupancy after acquiring the property through a foreclosure auction. The building had been previously 30% leased and has already signed new tenants, marking Lord Fisher’s first investment in the Philadelphia area as it focuses on distressed suburban office assets.