A long-struggling Cherry Hill office building has been sold at a foreclosure auction, with its new owner planning significant renovations aimed at repositioning the property in the market. Lord Fisher Capital, based in Mountainside, New Jersey, purchased 2 Executive Campus for $2.6 million. The seller was Dallas-based Trigild IVL LLC, the court- appointed receiver.

The four-story, 102,000-square-foot building marks Lord Fisher Capital’s first acquisition in the Philadelphia region. The firm, which owns assets in North Jersey and South Florida, focuses on acquiring distressed properties, executing value-add renovations, and driving up occupancy.

Brandon Rolnick, owner of Lord Fisher Capital, said the shrinking inventory of traditional office space in South Jersey presents a compelling opportunity. Many properties have been demolished or converted to multifamily or industrial uses. For instance, One Cherry Hill, a neighboring 117,000-square-foot office building near the Cherry Hill Mall, is currently being demolished.

Despite trends toward remote work, Rolnick said many tenants continue to seek a physical office footprint to support hybrid work models – a shift he believes will fuel demand for well-located, updated office space in the region.

*Article courtesy of Philadelphia Business Journal

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