Four Springs Capital Trust has acquired a single tenant office building in Mt. Laurel, NJ for $19.4 million. The 87,460 sqf building houses the Southern New Jersey operations of Blue Cross Blue Shield of New Jersey, which services around 3.8 million members. FSCTās portfolio now contains 44 properties in 20 states that are leased to 22 tenants. Located at 250 Century Pkwy, the building traded for $222 per sqf. āThis high quality, strategically important property is an attractive addition to our diversified portfolio of single tenant net leased industrial, retail, and healthcare properties. This transaction is a product of our disciplined investment approach and demonstrates our increasing ability and desire to execute on transactions of this size,ā said Jared Morgan, SVP, Head of Acquisitions at Four Springs Capital Trust.
