A joint venture of Time Equities Inc. and Bergman Realty Group says it has paid $3.4 million for 51 Haddonfield Road, a 100,000-square-foot office building in Cherry Hill (see Philly.com's commercial property sales map).
South Jersey offices have been particularly battered in the recession. The new owners promise "an extensive capital improvement campaign to upgrade areas of the property, including the parking lot and lobby," and even "a rotating art gallery of work by local and national artists."