Gladstone Properties Acquires Egg Harbor Township Property for $5.65M

Gladstone Properties Acquires Egg Harbor Township Property for $5.65M

NEW JERSEY—Gladstone Properties has acquired 6725 Delilah Road in Egg Harbor Township, N.J. for $5.65 million. Currently 100 percent occupied by AtlantiCare Health System Inc., the 29,257-sq.-ft. property is used by the company as its data center.

Stan Johnson Co.’s Camille Renshaw and Tom Georges represented the seller, a private developer, as well as the buyer in the transaction.

“Data centers are becoming smaller, more energy efficient and more mission-critical as cloud technologies evolve and the size of equipment shrinks,” said Renshaw, director and lead broker in Stan Johnson’s New York City office.  “The mission critical aspect of the real estate, coupled with the geographical importance of the site, appeals strongly to institutional buyers as they expand in the data center sector.”

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