Renovations Near Completion for 22,500 SF Industrial Space in Moorestown, NJ

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Completion of 353 Crider Avenue Improvements Expected Mid-Q1 of 2021

January 11, 2021 [Moorestown, NJ] Colliers International is pleased to announce the sale of 353 Crider Avenue in Moorestown, NJ, a 22,500-square-foot industrial building with 23’-27’ ceilings and one acre of outside storage/trailer parking. 353 Crider Avenue was purchased by Court Street Ventures in 2020 with the intention of completing a substantial renovation project including interior and exterior improvements. Ian Richman of Colliers Mount Laurel office represented Court Street Ventures in the acquisition and is now overseeing the leasing efforts. The improvements are expected to be completed by the middle of the first quarter.

353 Crider Avenue represents Court Street Ventures’ first acquisition in the Southern New Jersey Industrial Market.  “We are looking forward to bringing this property to the market in the coming weeks, offering a unique combination of direct access to the greater Philadelphia consumer market and excess land for trailer parking or outside storage” says Principal Evan Kleppe. 

For further information, contact:  
 Ian Richman, Senior Managing Director 
+1 856 414 1257 | Ian.Richman@colliers.com

 

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About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

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Ian Richman

Senior Managing Director | Southern New Jersey

Mount Laurel

Ian joined Colliers International’s industrial division in 2006. He specializes in the leasing and sale/acquisition of commercial and industrial properties in Southern New Jersey. He is especially adept at developing acquisition strategies and assisting with debt placement options for buyers that require financing. Ian has much success in the sale of industrial properties by utilizing his background in finance to assist buyers in finding and then financing an acquisition.

Prior to joining Colliers, Ian worked in Commerce Bank’s Commercial Lending  Division where he was responsible for performing financial analysis for the  bank’s commercial loan portfolio.
 

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