Markeim Chalmers Represents Both Parties in the Sale of Premier 19,770 SF Retail Center in Downtown Delanco, NJ

6/6/17

Markeim Chalmers, Inc., a leading commercial real estate, appraisal and property management firm in the Philadelphia Metropolitan Area, represented both parties in the sale of Camp Meeting Center, the premier downtown commercial property located at 801 Burlington Avenue in Delanco, New Jersey. Anchored by Dunkin Donuts, U.S. Post Office and 7-11 Convenience Store, the 19,770 SF retail center is 100% occupied and was sold by Markeim within 60 days of exposure to the market. Fred Berlinsky, President and Kevin Burns, Senior Vice President of Markeim negotiated the sale between a prominent regional real estate company (seller) and a private 1031 investor (buyer), which closed May 31, 2017 at a cap rate of 9%.

Says Berlinsky, “We take pride in achieving the goals for both the buyer and seller with a quick sale at a fair price. All sides of the transaction walked away satisfied.”

Markeim Chalmers, Inc. is a full-service commercial real estate firm located in Cherry Hill, NJ, led by Fred S. Berlinsky, Esq., President. Founded in 1922, Markeim is one of the oldest and most respected firms in the area, servicing office, retail and industrial markets throughout the region. Markeim is also involved in the sale and development of commercial land, acquisitions, property management, appraisals and investments. With its focus on the Philadelphia Metropolitan Area marketplace, Markeim is proud of our strong commitment to community enhancement and charitable activities.

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