Posted on: 26/09/2013

Bethesda-based company monitoring current and emerging real estate environment
to determine short-term and long-term leasing and development program 

 Finmarc Management, Inc. has announced the acquisition of a 150,000 square foot retail building formerly occupied by Syms a Store, situated on eleven acres for $4.75 million. The property is centrally located at 1865 East Marlon Pike in the Cherry Hill section of New Jersey.


Finmarc Management is actively monitoring the current retail and commercial office real estate environment in southern New Jersey to evaluate options in order to determine short-term and long-term leasing or development strategies.


Among the considerations being explored by the company are: leasing the existing building to one or several end-users; re-developing the site into a configuration that could support several pad sites suitable for restaurants and other retailers; and constructing a build-to-suit building or portfolio of buildings for a specific end-user. The later scenarios would involve the complete demolition of the existing 150,000 square foot former retail store.


“The Cherry Hill sub-market is significantly influenced by the business climate and job market in Philadelphia, Camden and surrounding townships but our research shows extremely healthy and growing demographics,” explained Marc F. Solomon, Principal – Managing Director for Finmarc Management. “We are targeting this asset as a long-term hold and will take the necessary time to complete our due diligence of the market before determining strategy. Given the strategic location of the asset and its relative size to accommodate a number of varied uses, we have unlimited options.”


Finmarc Management, Inc. is a fully-integrated commercial real estate services company that focuses on the management, acquisition, leasing and development of retail centers, industrial and flex/warehouse projects, along with commercial office buildings throughout the Mid-Atlantic region. The firm presently manages a diverse portfolio encompassing more than five million square feet of space situated in Maryland, Washington, D.C., Virginia, Delaware, New Jersey and Pennsylvania. For additional information, visit