CD REALTY ADVISORS SELLS CLASS A OFFICE BUILDING FOR $7.93 MILLION

VOORHEES, N.J. — CD Realty Advisors has sold 1020 Laurel Oak Rd., a three-story Class A office building in Voorhees, for $7.93 million. The 56,499-square-foot facility was sold to Ironstone Village as part of a 1031 exchange transaction. Situated at the intersection of Haddonfield-Berlin and Laurel Oak roads, the property is 98 percent leased to tenants such as Exam One, the Food and Drug Administration and Cardiac Care Specialists. Michael Blunt, Michael Hines and Robert Fahey of CB Richard Ellis represented the seller in the transaction.