Strategic Funding Alternatives Acquires East Gate Business Center

On Dec 20, 2019

Mount Laurel-based NAI Mertz, a leading full-service commercial real estate firm, completed the sale of East Gate Business Center, a 116,000-square-foot office and flex complex in Mount Laurel. The team of Scott Mertz, SIOR, president; John Adderly, executive vice president-managing director; Rebecca Ting, SIOR, senior vice president; and Julie Kronfeld, SIOR, vice president; represented the previous owner, Eastgate Business Center, LLC, in this transaction. The buyer, Moorestown-based Strategic Funding Alternatives LLC, adds this eight-building business complex to its existing South Jersey portfolio of properties.

“Our team has served as exclusive leasing agents at East Gate since 1998, and we are pleased to have represented our client in trading this first-class property to SFA, as they continue to expand and diversify their portfolio of assets,” stated Mertz. “As experts in the Mount Laurel office and flex real estate landscape, we look forward to remaining the exclusive agents of this corporate center and bringing new and exciting companies to the mix of tenants that call East Gate home,” he added.

East Gate Business Center spans eight buildings situated on nine acres on Gaither Drive in the heart of Mount Laurel. The complex is currently 94% leased to tenants that include NJ Default Group, LLC, Terminix International Co., The McSweeney Agency, and Starlight Homecare Agency. With convenient access to I-295 and the New Jersey Turnpike, East Gate Business Center is located less than fifteen minutes to Philadelphia via the Walt Whitman, Ben Franklin, Betsy Ross, and Tacony-Palmyra bridges. An extensive variety of hotels, restaurants, shopping options, and other amenities are nearby making this a highly sought-after destination for businesses and employees alike.

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