8B — October 2023 — Southern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
S outhern N ew J ersey
ENNSAUKEN, NJ — Colliers announced the investment sale Strategically located industrial flex facility will continue to be occupied by AFR Grad of Colliers completes $10M investment sale of 720 Hylton Road in Pennsauken, NJ P
On the deal, Grad shared: “It was a pleasure working with American Furniture Rental. AFR’s management team expressed an interest in selling their corporate HQ prior to the pandemic. After thoughtful analysis, in coor- dination with Colliers’ mar- keting and research teams, we were able to successfully curate a plan to perfectly time the apex of the industrial effervescence while concur - rently navigating the macro/ interest rate environment.” “I owe tremendous gratitude to Robert Steinhart and our Colliers support teams, it was a beautiful collaboration.” Grad summarized. Robert Steinhart is a senior execu - tive VP of Colliers who has consulted in AFR’s corporate real estate for several decades. “Eric and the Colliers team were thoughtful in nurturing the relationship to maximize value at time of sale, execut - ing the transaction seam- lessly.” said Doug Sayer SIOR , Colliers president and CEO in the Philadelphia Tri- State region. MAREJ GREYHAWK hires business dev. veteran Copeland MOUNT LAUREL, NJ — GREYHAWK has hired industry veteran Daniel Co-
of 720 Hyl - ton Rd. in Pennsauken. The 104,500 s/f flex indus - trial proper- ty traded at a premium price per s/f, in a transac- tion totaling $10,205,000, The property continues to be tenanted by American Furniture Rentals (AFR). The Pennsauken location is a Eric Grad
720 Hylton Rd.
strategic hub of distribution for the firm, with proximity to I-95, I-295, Pennsylvania
Tpke., New Jersey Tpke., I-76 and bridges to Pennsylvania. Eric Grad , vice president
of investment at Colliers, was the sole agent, brokering both sides in this transaction.
EXPLORE THE HAINES CENTER BURLINGTON / FLORENCE, NJ
peland as director of business de- velopment – Consulting. Cope l and has over 30 years of busi- ness develop - ment, mar-
Daniel Copeland
keting, and executive strategy experience in the construction and international construction consulting industries. Copeland will lead busi- ness development for GREY - HAWK’s Construction Con - sulting Practice, encompass - ing the areas of claims and dispute resolution, cost esti- mating management, sched- uling, project risk manage- ment, surety consulting and support, and specialty con- sulting. He will collaborate with senior leadership includ- ing GREYHAWK director of marketing and business development Kathy Kostiuk, CPSM . MAREJ
The Haines Center offers direct immediate access to NJ Turnpike Exit 6A, the PA Turnpike Connector, and I-95. Onsite public transportation servicing the campus includes NJ Transit bus line stops, a NJ Transit RiverLine commuter rail station, and county shuttle transfer service from rail/bus stops to destinations within the Haines Center.
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