Commerce Center

What Commerce Center does

Commerce Center is a privately held Class A commercial real estate complex comprising three office buildings located at 1800, 1810, and 1820 Chapel Avenue West in Cherry Hill, New Jersey. The portfolio totals approximately 153,094 square feet across the three buildings, with building sizes of 50,483 SF, 41,458 SF, and 61,153 SF respectively, and currently has approximately 74,704 SF of available space. The property sits off NJ Route 38, roughly ten minutes from Philadelphia, and offers tenant amenities including a fitness center, a common conference room available free to tenants, a parking ratio of 4.1 per 1,000 SF, and major signage opportunity on Haddonfield Road for larger tenants.

The asset has undergone recent capital improvements, including a new roof, solar panel installation, upgraded common areas, and new monument signage, with additional courtyard renovations and exterior power washing planned for 2024. The competitive positioning emphasizes its suburban location with metropolitan connectivity, dense surrounding retail and dining amenities (including Cherry Hill Mall, the Plaza at Cherry Hill, and a wide range of national restaurants within a one-mile radius), and visibility advantages for anchor tenants.

Commerce Center's business model is straightforward commercial office leasing. Revenue is generated through annual per-square-foot rent on Class A office suites, with suite sizes ranging from approximately 1,500 SF to 24,590 SF. A promotional rate of $20 per square foot was offered for leases signed by 9/1/2024. Leasing and property management are operated through Newmark Real Estate as the exclusive brokerage and management partner, with Anne Klein serving as Executive Managing Director out of Newmark's Marlton, NJ office. The target customer segment is corporate office tenants in the Cherry Hill/Philadelphia suburban market seeking high-quality space, modern amenities, signage visibility, and proximity to retail and dining amenities.

Name

Commerce Center

Legal name

Commerce Center

Website

https://commercecenternj.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Commerce Center is a privately held Class A three-building office complex in Cherry Hill, NJ, totaling approximately 153,094 SF, that leases commercial office space to corporate tenants through Newmark Real Estate.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Leasing

akta.pro primary industry

Retail Brokerage (BPAJABAB)

Keywords

• Commercial office leasing
• Class A office space
• Corporate real estate
• Office space rental
• Commercial property leasing

Headquarters

HQ city

Marlton

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Marketing or Sales, Personnel

Revenue model

1. Commercial Office Lease Rent: Revenue is generated through commercial office space leasing. Tenants pay rent per square foot for Class A office space across three buildings. Current promotional pricing of $20/SF offered for leases signed by 9/1/2024.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Commerce Center is a Class A three-building office complex in Cherry Hill, New Jersey, offering commercial office space for lease to corporate tenants. The property totals approximately 153,094 square feet across three buildings at 1800, 1810, and 1820 Chapel Avenue W, with approximately 74,704 SF currently available for lease at a promotional rate of $20/SF. Leasing is handled exclusively through Newmark Real Estate, and tenants receive access to amenities including a fitness center, common conference room, and a 4.1/1,000 SF parking ratio.

Product overview

Commerce Center is a Class A three-building office complex located off NJ Route 38 in Cherry Hill, NJ, approximately ten minutes from Philadelphia. The portfolio includes three buildings totaling approximately 153,000 SF: 1800 Chapel Avenue W (50,483 SF), 1810 Chapel Avenue W (41,458 SF), and 1820 Chapel Avenue W (61,153 SF). Available space totals approximately 74,704 SF across multiple suites. The complex offers tenant amenities including a fitness center and common conference room free of charge, with parking at a 4.1/1,000 SF ratio. Property features include upgraded common areas, new roof, and solar panels. The property offers major signage opportunities on Haddonfield Road for larger tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• 1800 Chapel Avenue W
• 1810 Chapel Avenue W
• 1820 Chapel Avenue W

Quantifiable outcome

• 74,704 SF of leasable Class A office space available across three buildings

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Newmark Real EstatecoreChannel Partner/ Reseller/ DistributorNewmark Real Estate serves as the exclusive commercial real estate brokerage and property management company for Commerce Center. Located at 40 Lake Center Executive Park, 401 Route 73 North, Suite 120, Marlton, NJ 08053. Contact: 856-334-2100. Anne Klein serves as Executive Managing Director handling leasing inquiries.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• JLL: Global commercial real estate services and investment management firm providing leasing and property management for suburban Class A office similar to Commerce Center.
• CBRE Group: World's largest commercial real estate services firm, providing brokerage, property management, and advisory services across all asset types including the suburban Class A office segment Commerce Center operates in.
• Cushman & Wakefield: Major global commercial real estate services firm providing leasing, property management, and capital markets services that compete with Newmark for the same suburban office mandates.
• Colliers International: Global commercial real estate services firm providing brokerage and property management for suburban office assets; competes with Newmark for Class A suburban leasing mandates.

Direct peers

• Piedmont Office Realty Trust: Publicly traded REIT focused exclusively on Class A office properties in select U.S. submarkets. Comparable as a specialist Class A office owner/operator facing similar leasing and tenant-retention dynamics.
• Brandywine Realty Trust: Philadelphia-headquartered publicly traded REIT specializing in Class A office in the Philadelphia and Austin markets. The closest direct comparable to Commerce Center's suburban Philadelphia Class A office positioning.
• Newmark Group: National commercial real estate services firm that serves as Commerce Center's exclusive leasing broker and property manager. Comparable as a major CRE operator with direct exposure to the same submarket.

Regional players

• Liberty Property Trust: Suburban Philadelphia-focused office and industrial REIT acquired by Prologis in 2020; historically operated Class A suburban office product directly comparable to Commerce Center's Cherry Hill asset.
• Veris Residential: New Jersey-headquartered REIT (formerly Mack-Cali Realty) with a portfolio of Class A office and multifamily properties across NJ, directly comparable geography and asset class to Commerce Center.
• Keystone Property Trust: New Jersey-based commercial real estate owner/operator with industrial, office, and flex product across the Mid-Atlantic. Comparable regional CRE operator serving similar NJ/PA tenants.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Commerce Center