50 Cutler Avenue, Deptford, NJ, Receivership for 63,000 sf Warehouse

AthenianRazak was recently appointed Receiver of a 63,000 sf property in Deptford Township, NJ.  The property is well located with close proximity to major highways. At takeover, AthenianRazak secured the property and tenants, identified safety issues, secured bids, and completed all necessary repairs. We are in process of a tax appeal expected to double the savings projected before the Receivership.  As Receiver, AthenianRazak has developed leasing strategies effective for the market and is currently in negotiations with several prospective tenants. A sale is planned once a foreclosure is achieved.