Cherry Hill, NJ [June 3, 2021] – Vantage Commercial is thrilled to announce the sale of a mixed-use property located at 50 S. Academy Street in Glassboro. The property, a former catering hall, also includes an attached residence and a detached improvement, formerly used as a hair salon and two-car garage.
The buyer intends to redevelop the property, which is over one and a half acres, to a use more congruous with the surrounding neighborhood and consistent with the needs of the community.
Mike Gries, Sales Associate at Vantage Commercial, represented the seller in this transaction. The seller, an estate, was aided at each step of the sales process by Bluestone Commercial Capital.
Matt Zonies of Bluestone appreciated the efforts and results Vantage delivered. “I had the pleasure of working closely with Leor and Mike during every phase of the deal,” Zonies said. “They handled a very difficult transaction with professionalism and a tireless work ethic, navigating a myriad of issues and ultimately got us to the settlement table. I look forward to continued business with Vantage.”
Gries added, “The property is a sunny plot less than a mile from rapidly expanding Rowan University. It is a natural redevelopment opportunity for the buyers. I am happy to have delivered for my client and I look forward to seeing the buyers breathe new life into the property.”