Main Street Development

1000 Main St, Voorhees, NJ, 08043-4600, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of 1000 Main Street (the “Site”, or “Main Street Development”), a fully approved multifamily development site located in the heart of Voorhees Township, Camden County, NJ. The offering presents investors with the opportunity to develop 280 luxury apartments across approximately 335,720 square feet spanning three total buildings.

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Attributes

Number of units

280

Media

Investment Highlights

As currently positioned, the site features a 6-story parking garage that will be demolished to accommodate the 280-unit Main Street Development.
Main Street Development is located in the Lower Camden County multi-housing submarket, which has consistently demonstrated strong and stable fundamentals.
Voorhees Township emerges as the most desirable municipality in the Southern New Jersey submarket with strong supply & demand fundamentals, positioning it as the likely location for majority Class "A" development after Cherry Hill and Marlton.
Main Street Development benefits from a diverse mix of major employers across several key industries. Healthcare represents one of the largest employment sectors, with Virtua Health System’s major hospital facility in Voorhees, serving as one of the region's largest employers alongside other significant healthcare providers like Jefferson Health and nearby Cooper University Health Care.
The Site enjoys exceptional transportation connectivity through its proximity to I-295 and Route 30, major highways and regional public transit options that create comprehensive accessibility.