Wolf Commercial Real Estate is pleased to announce the successful sale of Bethel Baptist Church’s Shining Lights Early Learning Center at 1721 Springdale Road in Cherry Hill, to The Jewish Federation of Southern New Jersey. This unique property comprises a 21,325 square-foot school building with a full gym, stage, and kitchen, situated on a parcel of about 18 acres. This prime and highly visible property is located on Springdale Road in the east side of Cherry Hill. Leor Hemo, executive vice president of WCRE, represented the seller, while the firm’s director of business development, Scott Seligman represented the buyer in this transaction.
Both the buyer and seller are excited about what this transaction means for their future plans. The Jewish Federation of Southern New Jersey intends to expand its community outreach and services through this acquisition, while Bethel Baptist Church plans to use the proceeds from this sale to help fund the construction of a new state-of-the-art daycare facility for Shining Lights Early Learning Center and an 8000 square-foot multipurpose expansion to the church on its primary property across Springdale Road
The parties were also pleased to have the opportunity to work together for their mutual benefit, and that of the broader community.
“God has provided both organizations the opportunity to enhance our current and future programs,” said Mike Moran, the business administrator of Bethel Baptist Church. “WCRE has been instrumental in making this happen, professionally representing the interest of our church. We want to thank them for walking us through this process and ensuring that this property, which we have been blessed to use, will continued to be used for our community in a significant way.”
