JLL announces leasing spike in 1820 Chapel Ave. Commerce Center

CHERRY HILL, NJ - January 14, 2025 – JLL announced today the completion of several recent lease agreements with various businesses totaling 37,685 square feet at Commerce Center, a three building office complex in Cherry Hill, NJ. The leasing activity combines renewals, expansions and new leases spanning industries, bringing the building to 70 percent occupancy.

A combination of tenants led to a surplus of activity at Commerce Center. Premier Workspaces occupies the entire top floor of 1820 Chapel Avenue, consisting of 24,590 square feet, while Shah Law Group fills more than 3,300 square feet. Renewals and expansions include Kaplin Stewart renewing their lease for 3,944 square feet, and Ronald J. Cappuccio, J.D., LL.M.(Tax) renewing and expanding for a total of 1,788 square feet. Additionally, Kremer Eye has occupied its new and expanded space, sprawling 9,755 square feet.

“Commerce Center has always been sought after for its convenient location amid all the retail and business around The Cherry Hill Mall and Town Place,” stated Rick Widerman, Executive Vice President, JLL. “SkyRock Capital NYC is a visionary owner who understands the necessity of reinvesting in their property to remain competitive in this market. The momentum we are experiencing at Commerce Center is a testament to both its desirable location, and the improvements ownership is implementing to ensure the property is of the highest value to tenants. We expect to see additional leasing as these renovations are completed later this year.”

Numerous investments are underway contributing to the increase of interest in the property. Lobby and common area renovations, including the outdoor courtyard, will create a modern, welcoming space. New HVAC units and roofing have already been completed. The Children of America Daycare, a highly sought-after tenant amenity, will be complete and open this summer.

“The reinvestment ownership is making into the property further Commerce Center’s positioning as one of the premier office locations in Cherry Hill,” said Bill Klein, Vice President of Operations at Diversified Management Plus. “While some investments are improvements to the building’s infrastructure, the renovated lobbies, courtyard and daycare center are enhancements that will greatly enhance our tenant experience and bring value to their work lives.”

JLL’s Rick Widerman and Dan Close represented the landlord at Commerce Center. For more news, videos, and research resources, please visit JLL’s Philadelphia’s homepage.