The Opportunity

Holliday Fenoglio Fowler, L.P. (“HFF”) has been retained on an exclusive basis to arrange the sale of Lippincott Centre (the Property or Properties”), a two building CLass A office campus totalling 65,742 square feet located at 301 & 303 Lippincott Drive in Mariton, Evesham Township, Burlington County, New Jersey.

 

Lippincott Centre i QQ% leased to three premier tenants: Virtua Health, Inc. (Fitch AA-), Morgan Stanley Wealth Management (Moody’s A3) and Friedman, LIP, an internationally recognized accounting and advisory firm. Virtua Health (or “Virtua “) anchors nearly 83% of the campus and selected Lippincott Centre as its corporate headquarters due to the highly desirable location in the middle of its existing and continually growing footprint of over 40 satellite locations in New Jersey.

Virtua continued commitment to Lippincott Center can be seen through its expansion within the Properties as non-hospital tenants vacate. Lippincott Center provides an investor with 7.24 years of weighted average lease term along with a particularly attractive opportunity to acquire bet.in-class real estate with stable and increasing future cash flows and minimal landlord responsibilities at a significant discount to replacement cost.

Exclusive Marketing Advisors

Doug Rodio Senior Managing Director 484-532-4205 drodio@hfflp.com

Brett Segal Managing Director 484-532-4174 bsegal@hfflp.com

Ben Appel Senior Director 484-532-4214 bappel@hfflp.com

Jose Cruz Sr. Managing Director 973-549-2011 jcruz@hfflp.com

Financing Inquiries

Ryan Ade Managing Director 484-532-4209 rade@hfflp.com

Neil Campbell Director 484-532-4176 ncampbell@hfflp.com