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Pennsauken office building sold to Cherry Hill company for $1.75M

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7895 Browning Road, Pennsauken.
7895 Browning Road, Pennsauken. - ()

A Cherry Hill health care receivables management company has purchased a Pennsauken building for $1.75 million, real estate services firm Colliers International announced Monday.

Physician and Tactical Healthcare Services LLC, or PATHS, bought the 18,240-square-foot office building at 7895 Browning Road from The Bloom Organization, which built the facility in the Airport Industrial Park in 1985. PATHS had been awarded an incentive package from the New Jersey Economic Development Association tied to the purchase.

The original tenant, ADT, vacated the building earlier this year, Colliers said.

Evan Zweben, Ian Richman and Marc Isdaner of Colliers’ Mount Laurel office marketed the building on behalf of The Bloom Organization, a South Jersey real estate firm.

“This was a challenging assignment for our office, since we were trying to sell a well-maintained office building located in the middle of an industrial park,” Isdaner said in a prepared statement. “However, we were able to overcome that obstacle by creating and implementing a direct marketing campaign for this property.”


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