NEWS /1-13-2020
Strategic Funding Alternatives, LLC Acquires the 73,868 Square Foot Former American Water Company Headquarters at 1025 Laurel Oak Road in Voorhees, New Jersey
January 10, 2020 – Moorestown, NJ – Strategic Funding Alternatives, LLC (SFA), a privately held commercial real estate investment firm, announced its acquisition of the 73,868 square foot Class A office building at 1025 Laurel Oak Road in Voorhees, New Jersey. Set on the corner of Laurel Oak and Haddonfield-Berlin Roads, the Class A site with three-story glass atrium and brick exterior is the former headquarters of American Water Company and remained vacant after the company’s move to Camden, New Jersey. As part of SFA’s value-add and opportunistic approach, the company has capital improvements planned for the vacant interior space, common areas along with landscaping throughout the complex as a whole.
“The 1025 Laurel Oak Road property is a great building ~ a corner site with high visibility and ample parking,” says Jeffery Schneider, SFA Managing Principal. This is the firm’s second office building purchase on the Laurel Oak Road, previously acquiring 1020 Laurel Oak Road in April 2019. Schneider adds, “We see this property as a strong addition to our portfolio and will be reviewing offers to lease the building to single and multi-tenant prospects.”
Strategic Funding Alternatives, LLC (SFA) is a privately held commercial real estate investment firm located in Moorestown, NJ. Founded in 2016, SFA has become one of the fastest growing firms in the South Jersey market with 23 properties and 1,000,000+ square feet. The company’s investment division raises and places equity in undervalued commercial office complexes, optimizing performance through acquisitions with value-add capital improvement opportunities and providing investors with discretion over individual assets, regular quarterly income and long-term capital appreciation. For its commercial portfolio, SFA offers full-service property management, including leasing, construction and comprehensive tenant-related services. SFA embraces its corporate social responsibility and the firm actively supports many local, regional and national organizations. For more information, visit SFARealEstate.com or call (856) 437-6196.
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