TIC investors sink money into South Jersey

Recently built facility fully occupied at closing

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Triple Net Properties LLC represented tenant-in-common investors in the purchase of an 88,785-square-foot office building in Marlton, N.J., for an undisclosed price. The four-story, class A property, located at 50 Lake Center, is located within the Lake Center Complex, which includes a park with walking and jogging paths overlooking two lakes. Lake Center includes 376 surface parking spaces, or a ratio of 4.1 spaces per 1,000 square feet. Opus East LLC sold the facility, which was recently completed in the third quarter of 2006, and was 100 percent leased at the time of sale by Virtua Health Inc. and Paychex North America Inc. ...