Group buys Camden Ferry Terminal office building for $16.5 million
A group involving the family of South Jersey insurance executive George Norcross has acquired the 100,000-square-foot Ferry Terminal office building on the Camden waterfront for $16.5 million, Norcross said an a release on Monday.
The group, which also includes the owners of NFI Industries, a Cherry Hill distribution and logistics firm, and executives of the Michaels Organization, a real estate developer in Marlton, closed on the purchase on Sept. 15, according to the release.
A venture between Vibrant Development Group LLC of Philadelphia and Columbus, Ohio-based Steiner & Associates completed construction of the Ferry Terminal building in 2007. Current tenants include BB&T bank, Catapult Learning LLC, and Webimax LLC, according to the release.
Norcross is chairman of Cooper University Health Care in Camden and executive chairman of Marlton- and Philadelphia-based insurance broker Conner Strong & Buckelew.
Wyatte Grantham-Philips and Michael R. Sisak, Associated Press
Ann Carrns, New York Times
Alan Rappeport, New York Times
Emma Court, Bloomberg
Michelle Chapman, Associated Press
Emmy Martin, New York Times
Liam Stack, New York Times
Didi Tang and E. Eduardo Castillo, Associated Press
Mia Messina























