Acquisition Marks Firm’s Latest in Growing Portfolio of Value-Add Small Bay Properties
VOORHEES, NJ [April 14, 2026] – Real estate ownership and development firm Doors & Spaces Industrial (Doors & Spaces) has added a 32,850-square-foot multi-tenant, industrial-flex building to its growing portfolio with the $4.125 million acquisition of 476 Centennial Boulevard in Voorhees, NJ. Spearheaded by Managing Partners Brian Whitmer, Jonathan Weinstein and Matthew Dietrick, the transaction highlights the firm’s dedicated focus on infill-located small-bay essential industrial opportunities with value-add potential.
Situated on 3.3 acres, the property was 100 percent occupied at the time of acquisition, offering inherent near-term and significant upside. Doors & Spaces intentionally targets properties of this kind where previous ownership held the asset for multiple decades with high occupancy levels and a consistent history of high-level maintenance.
“476 Centennial Boulevard is a great fit for our portfolio as it was designed for 1,600-square-foot drive-in, door-served units while being well positioned for our renovation playbook,” said Whitmer. “Plans include immediate cosmetic and signage upgrades, operating-efficiency improvements as well as enhancing the stability and profile of the rent roll.”
Constructed in 1987, the decorative-block building currently has eight tenants, 19 grade-level overhead loading doors and separate utility metering. The highly functional layout gives future leasing optionality along with 14-foot clear heights and an abundant 116 parking spaces. Its location in a high-traffic corridor allows it to bridge the gap between traditional industrial functionality and retail visibility, attracting a diverse range of sales, distribution, experiential and service firms.
Situated within a well-established Camden County/South Jersey infill pocket, the property offers convenient access to Routes 73 and 70, NJ Turnpike and I-295. Driving times are 10 minutes from Cherry Hill, 25 minutes from Center City Philadelphia and 30 minutes from Philadelphia International Airport.
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About Doors & Spaces Industrial
Doors & Spaces Industrial is a specialized real estate owner, operator and development firm focused exclusively on the Small Bay Industrial (SBI) sector. The firm utilizes a fully integrated, technology-driven institutional approach, managing the entire asset life cycle in-house, including acquisition, development, construction, leasing and asset management. Doors & Spaces serves a diverse client base of small-to-medium sized businesses (SMEs) and is uniquely experienced in navigating complex zoning, governmental and logistical variables across new development and existing property acquisitions.