Zamir Equities Declares LibertyView Experiment Successful
Cherry Hill, New Jersey
“Terrific Complement to Our Local Commercial Landscape,”
– Cherry Hill Mayor, Chuck Cahn
– Cherry Hill Mayor, Chuck Cahn
New York, NY, January 31, 2017 – After considering Cherry Hill, New Jersey’s motto, “You Couldn’t Pick a Better Place,” prominent real estate investor, Asher Zamir, founder and CEO, Zamir Equities, challenged his development team to investigate the Camden County, NJ, office submarket, resulting in the second anniversary celebration of successfully acquiring LibertyView, the impressive seven-story, 122,000 square-foot, Class A office building, sitting on 5+ acres, in Cherry Hill, New Jersey.
“We were looking to acquire an exciting South Jersey property that fit our rigid investment strategy,” explained Asher Zamir, Zamir Equities founder, “and on a whim, after reading Cherry Hill’s motto, I directed our Zamir Equities’ team to run an analysis of local commercial real estate opportunities, and remarkably, we discovered, and ultimately purchased in January 2015, one of our foremost properties, LibertyView.”
Considered one of the more desirable buildings in Cherry Hill, New Jersey, LibertyView, at 457 Haddonfield Road, sits at the intersection of Rt. 38 (Kaighns Avenue) and Haddonfield Road, across the street from the popular Cherry Hill Mall. A stunning white façade, modernism-style, steel office building, LibertyView was designed by Philadelphia-based architectural firm, Cope Linder. With a high quality exposed aggregate pre-cast concrete finish, granite entrance accents, and reflective glass, LibertyView’s top two floors have functional balconies along with sweeping, panoramic views. LibertyView’s conspicuous blue roof lighting was deliberately modeled after the crown of the iconic One Liberty Place, radiantly visible just eight miles to the west, in downtown Philadelphia.
“LibertyView has long been an ideal site for businesses in Cherry Hill to locate and thrive, and continues to be a terrific complement to our local commercial landscape,” said Cherry Hill Mayor Chuck Cahn. “With its proximity to main highways, the Cherry Hill Mall and other busy retail centers, I believe LibertyView will continue to serve as a premier location for companies looking for a new home in South Jersey.”
Often named one of America’s “Best Place to Live,” Cherry Hill is a township in Camden County, New Jersey, and LibertyView is just 10 minutes from downtown Philadelphia, close to I-295 and Exit 4 of the New Jersey Turnpike. LibertyView’s long-term value is also enriched because of Cherry Hill’s growing residential and commercial developments on the Haddonfield Road corridor. As part of Zamir Equities’ acquisition of LibertyView, a developable pad site was later negotiated, and a 20-year ground lease was secured, for the newly constructed Republic Bank branch at the corner of Haddonfield Road and Chapel Avenue.
Several prestigious Philadelphia law firms became attracted to LibertyView’s South Jersey location because of its proximity to their Center City base. From an occupancy perspective, with an average occupancy rate of 95% over the last 10 years, LibertyView historically and significantly outperforms the market. Kennedy Medical Group (6,124-square feet), a subsidiary of Kennedy Health System, a major service provider southern New Jersey, with a Moody’s A3 credit rating, occupies a first floor suite, with a direct access to the spacious and well-lit parking lot. Also, being one of the taller buildings in Cherry Hill, LibertyView benefits from multi cell-phone antenna lease contracts.
About Zamir Equities
Founded by Asher Zamir in 2003, Zamir Equities is a privately held New York
City-based, integrated real estate private equity firm. Currently, Zamir Equities owns and manages cumulative properties in excess of a quarter billion dollars, and 1.4 million square feet. Recognized for their astute acquisition proficiency, along with unparalleled real estate management, leasing and marketing experience, Zamir Equities specializes in risk-adjusted market returns in both undervalued and stabilized real estate assets. Zamir Equities is headquartered in the heart of midtown Manhattan in the Fred F. French Building, a magnificent 38-story art deco building erected in 1927, and listed on the U.S. National Register of Historic Places.