www.marejournal.com Mid Atlantic Real Estate Journal — Industrial / Distribution Centers — May 31 - June 13, 2013 — 17B I ndustrial R eal E state & D istribution C enters Williams of Cushman & Wakefield PA brokered the transaction on behalf of BCIDA Dermody Properties buys 89 acres in Berks Park 78 in Bethel Township, PA B ethel Town - ship, PA — Der- mody Properties as we are about the logistics, labor and site advantages of- fered by Berks Park 78.” speculative basis, depending on the environment at the time.”
distribution and warehouse operations. Dollar General and PetSmart both have industrial facilities under construction in Berks Park 78. “Our strategy of preparing shovel-ready sites has really paid off. We’re thrilled that in less than a year we’re able to announce another sale,” said Tom McKeon , BCIDA executive director. “This time it’s to an extraordinarily tal- ented NorthAmerican devel- opment firmwho is as excited
Cranbury, NJ — Savills has advised Deka Immobilien of Germany on the disposition of the Deka Special Fund’s two-building industrial asset in Cranbury to Duke Realty in an off-market transaction. The price was not disclosed. The property is located in a Foreign Trade Zone, off Exit 8Aof the New Jersey Turnpike and consists of two single- story classAwarehouse/distri- bution buildings (completed in 2004/2007) totaling 949,580 s/f of space. The entire property is leased to Crate & Barrel on a triple-net basis until 2020. “Due to strong market de- mand for prime industrial assets, Deka Immobilien was able to achieve a profit on the sale of this asset to their inves- tors,” said Robert Stamm , executive managing director of the Savills US Cross-Bor- der Team. He represented the seller in the transaction. Savills worked on this as- signment in cooperation with Newmark Associates of Whippany. n Deka Immobilien sells industrial assets in Cranbury “With this project in par- ticular, our plan is to offer a client superior solutions for distribution and warehous- ing operations,” said Gene Preston , partner, Dermo- dy Properties East Region Office, which handled the transaction for the nation- wide company. “Berks Park is the ideal place for us to de- velop an industrial building that will meet the needs of companies who want to reach the Northeastern population effectively and efficiently.” and the Berks County In- dustrial Development Au- thority (BCIDA) announced that Dermody Properties has purchased 89.22 acres in Berks Park 78 in Bethel Township, Penn. Dermody Properties has indicated that the site is suitable for a build- to-suit or for development of a speculative building for industrial lease, both options that will complement the park’s existing facilities.
Preston and James Mas- caro of Dermody Properties’ East Region Office were the Dermody Properties team that managed the transac- tion. Jef frey Wi l l iams , of Cushman & Wakefield of Pennsylvania , brokered the transaction on behalf of Berks County Industrial De- velopment Authority. n
“With the right sites and the right partners, we will be able to continue to strategi- cally develop and lease state- of-the-art industrial facilities in highly desirable markets, like the greater Philadel- phia area,” said Douglas Kiersey, Jr. , president of Dermody Properties. “This location will be prime for a build-to-suit, or for Dermody Properties to develop on a
Berks Park 78 is a 323-acre industrial complex located directly off Interstate 78. The complex is planned for a total build-out of 3.1 MSF. It offers close proximity to the North- eastern US population and an excellent labor supply for
A U C T I O N S Commercial Properties ATTENTION REAL ESTATE INVESTORS AND DEVELOPERS! OPPORTUNITIES AVAILABLE STATEWIDE
AUCTION - Monday, May 30 Th P rOPerTy P revIews 5/21 - Noon-2 Pm
AUCTION - Tuesday, June 4 Th P rOPerTy P revIews 5/23 - Noon-2 Pm
5521 & 5527 MARKET STREET PHILADELPHIA, PA Previous Ask $600,000 Minimum Bid $250,000 27,480+/- SQ. FT. WAREHOUSE AUCTION - Thursday, June 13 Th P rOPerTy P revIews 5/23 & 6/6 - Noon-2 Pm
15-17 SCOTT STREET RIVERSIDE, BURLINGTON CO. • 3 drive thrus with egress to S. Pavilion Ave. • Community parking in back of building • Close to Rts. 130, 73 and I-295 1152 DEUTZ AVE. HAMILTON, MERCER CO. 2 BUILDINGS: FORMER DAY CARE AND ½ DUPLEX WITH 2 APARTMENTS • Complete the renovation to this former day care facility 1736 MAIN ST. PORT NORRIS, CUMBERLAND CO. 950 +/- SF BUILDING FORMER BANK BRANCH PROFESSIONAL OFFICE • Located on the Main artery of Port Norris • Close to Vineland, Avalon, Rts. 47 & 55
1060 SPRUCE STREET LAWRENCE TWP, MERCER COUNTY, NJ REDEVELOPMENT OPPORTUNITY 30,000+/- SF FORMER CAR DEALERSHIP 11+/- ACRES • 23,500+/-SF Showroom & Service Building with 9 Bays • 6,500+/- SF Service Building with drive-in Bay • 475+/- Feet of Road Frontage
MEDIUM INDUSTRIAL • Includes Single Lot
• Retail Residential Mixed Use • Steps from Market Street Rail
ABsOLUTe AUCTION - Thursday, June 13 Th P rOPerTy P revIews 5/23 & 6/6 - Noon-2 Pm
AUCTION - Thursday, June 13 Th P rOPerTy P revIews 5/23 & 6/6 - Noon-2 Pm
26 ROUTE 94 BLAIRSTOWN, NJ 6,300+/- SQ. FT. BUILDING
325 MAIN ST. LITTLE FERRY, BERGEN CO., NJ
FORMER DAY SPA • Highway Location • 1.80+/- acres • 50 Parking Spaces
Previous Ask $600,000 Minimum Bid $295,000 • 2 Commercial Buildings on 0.42+/- acres • 2,500 sq. ft. and 1,500 sq. ft.
For more details or information please call 888.299.1438 or visit maxspann.com
Made with FlippingBook HTML5