NEW YORK--(BUSINESS WIRE)--This month, Zamir Equities celebrates the second anniversary of successfully acquiring Atrium I, the premiere 100,000 square-foot, Class A office building in Mt. Laurel, New Jersey, declaring their investment strategy to participate in the Mt. Laurel, Moorestown, and Marlton (3M), South New Jersey submarket, an unmitigated success.
“After exactly two years, our well researched and impressively calculated investment strategy to acquire Atrium I -- our first of several exceptional commercial spaces in this South Jersey commercial office market -- is a resounding triumph; another decisive victory for Zamir Equities,” said Asher Zamir, Founder and Chairman, Zamir Equities. “Located in one of the largest and most competitive U.S. commercial markets, with 46.1 million people living within 200 miles, our Zamir Equities’ team recognized the incredible potential available for us to become a dominant player in the South Jersey commercial real estate market. Through sheer will, determination, and accurate proprietary analysis, our hard work is paying off.”
On 6.27 acres, 1000 Atrium Way is situated in Burlington County, New Jersey, at the intersection of the South Jersey, Philadelphia and New York markets. Standing five stories tall, and with sweeping views through a magnificent spandrel tinted glass façade, Atrium I is leased to a healthy mix of professional tenants. 34% of the building is leased to A-rated credit tenants, New York Life Insurance Co. (13,975-square feet, or 14%), Ameriprise Holdings, Inc (9,526-square feet, or 10%), and Marsh & McLennan Agency (9,670-square feet, or 10%), with lease expirations in May 2023, June 2021, and September 2022, respectively. Recently, Zamir Equities renewed and expanded one of Atrium I’s largest tenants, Altegra Health, from 18,000-square feet, to now 25,000-square feet, or roughly one quarter of the building, with their lease maturity at the end of June 2022.
"Atrium I is another example of how hard, diligent and focused work pays off,” said Mr. Zamir, reflecting on the second anniversary of Zamir Equities’ successful acquisition of Atrium I. “We approach each of our properties with a very specific investment strategy, which, ultimately, results in significant growth, improvements to the property, and a respectable return on investment. That’s our Zamir Equities’ triad mission, which we continue achieving with Atrium I."
About Zamir Equities
Founded by Asher Zamir in 2003, Zamir Equities is a privately held New York City-based, integrated real estate private equity firm. Currently, Zamir Equities owns and manages cumulative properties in excess of a quarter billion dollars, and 1.4 million square feet. Recognized for their astute acquisition proficiency, along with unparalleled real estate management, leasing and marketing experience, Zamir Equities specializes in risk-adjusted market returns in both undervalued and stabilized real estate assets. Zamir Equities is headquartered in the heart of midtown Manhattan in the Fred F. French Building, a magnificent 38-story art deco building erected in 1927, and listed on the U.S. National Register of Historic Places.