JACKSON CROSS SELLS 55,000 SF PROPERTY IN SEWELL, NEW JERSEY

Sewell, NJ - April 28, 2010 - Jackson Cross Partners, LLC today announced they have completed the sale of a 54,704 square foot building located at 11 Enterprise Court in Sewell, NJ.  The property was sold by Hollywood Tans Brand, LLC to New Age Fastening Systems.

“This sale presented several unusual challenges,” said Lou Battagliese of Jackson Cross Partners.

“The building owner, and our client, Hollywood Tans, set a specific date by which the sale needed to be completed. In addition, the market for industrial real estate has been slowed by the overall economy and the reduced availability of financing.”

Jim Young of Jackson Cross Partners noted, “As soon we were given the assignment we began work on a targeted marketing plan that identified the most likely candidates for the property. This plan proved to be very effective and it allowed us to quickly identify several potential buyers. As with a number of recent transactions, the user/buyer has been able to obtain financing and is able to take advantage of the market.

“In the end, we were able to complete the sale within the time specified by Hollywood Tans and enabled them to meet their objectives,” concluded Young.

 The Jackson Cross Partners team consisted of Jim Young, Harry McKenna and Lou Battagliese.

Hollywood Tans Brand, LLC is the largest chain of professional tanning salons in the country with more than 250 locations nationwide. The company is based in Sewell, New Jersey and was founded in 1994.  New Age Fastening Systems, Inc. is a privately owned corporation that was founded in 1996. The firm is an industry leader in the application and technology of pin studs in cyclone boilers.

Jackson Cross Partners – ONCOR International is a full-service commercial real estate brokerage and property management organization that is headquartered in King of Prussia, PA.  The firm has more than 35 brokers and related service professionals located in King of Prussia, center city Philadelphia, Swedesboro, NJ, and Wilmington, DE.  Jackson Cross provides Financing and Property Management Services through active partnerships with NorthMarq Capital and Fameco Management respectively.

Through ONCOR International, the firm provides client services to over 220 markets worldwide.