7-11-14

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Land sourced by Bansbach, Casey and Houston of Cassidy Turley Goodman Birtcher receives approval for a $350 million logistics center L

ISSUE HIGHLIGHTS Volume 26 Issue 13 July 11 - 24, 2014 Facility Management Spotlight

program, targeting logistics locations across the U.S at the right time to take advantage of the recovery in U.S invest- ment demand drivers and the limited supply of class A big box warehouse space.” Mayor Richard Gerbounka said: “I’ve been working with Goodman Birtcher for more than 12 months and am very pleased that such a high qual- ity developer intends to under- take the redevelopment of this site in Linden. This redevel- opment project will not only serve as an economic benefit to Linden and Union County, but Goodman Birtcher has also proven to be a corporate partner that will work closely with my administration to improve our residents’ quality of life. I am glad to be working with Goodman Birtcher and look forward to continuing the positive relationship we’ve established.” n

INDEN, NJ — Good- man Group (Good- man or Group), Austra- lia’s largest listed industrial property group, with a global network spanning 33 cities and $24.5 billion of assets un- der management, announced that its wholly owned North American subsidiary, Good- man Birtcher has received entitlement approvals for the development of a proposed $350 million logistics center in Linden. The City of Linden’s entitle- ment approval is an important milestone towards Goodman Birtcher’s proposed redevelop- ment of a prime 143 acre site in Linden, New Jersey into a major logistics center. The proposed development will offer a combined total of over 2.8 million s/f of logistics space across five high grade distribu- tion warehouses, which are to be delivered in three phases.

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Meridian arranges $18m in permanent financing in Newark

Goodman Logistics Center Linden rendering

The proposed logistics cen- ter, to be named Goodman Logistics Center Linden, will be strategically located in close proximity to major road, air and sea infrastructure, including direct access to the New Jersey Turnpike and just seven miles to Newark International Airport and the Port of Newark. The land was sourced through Doug Bansbach , Larry Casey and

AndrewHouston of Cassidy Turley . Brandon Birtcher , chief executive officer of Goodman Birtcher said, “We are very pleased to announce the City of Linden’s entitlement ap- proval for this significant redevelopment project in New Jersey, which will be our first in the Northeast. It builds fur- ther momentum in the rollout of our $1.4 billion development

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Property being marketed by Cushman and Wakefield of PA, Inc. Dermody Properties and Granite REIT to begin construction on 750,000 s/f facility

NAI CIR represents property owner in sale of 35,000 s/f for $2.3m

ment of predominantly indus- trial and logistics properties in North America and Europe, will start construction on a new industrial development in Bethel Township later this month. The building will be a 750,000 s/f state-of-the-art industrial warehousing and distribution facility located at 41 Martha Dr. in Berks Park 78. “This location allows compa- nies to reach the northeastern population base effectively and efficiently, and our facility will feature 36’ clear height and ample parking, making it ideal for modern warehousing and distribution operations,” said Gene Preston , partner, Dermody Properties East Re- gion Office. Berks Park 78 is a 323-acre industrial business park lo- cated directly off I-78. It offers an excellent labor supply for distribution and warehouse operations.

BETHELTWP., PA — Der- mody Properties , a national industrial development firm headquartered in Reno, NV, and Granite Real Estate In- vestment Trust (“Granite”) , a Canadian based real estate investment trust engaged in the ownership and manage-

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41 Martha Drive rendering

Dermody Properties is serv- ing as the developer and oper- ating partner, and Granite is serving as the majority equity partner on the project. “Our relationship with Der- mody continues to grow and we are excited to commence this new project at Berks Park 78. Granite is most selective in choosing both new devel- opments it undertakes and operating partners it works with. In the case of Dermody and Berks 78, we believe we have the best of both,” said

TomHeslip , CEO of Granite. The property is being mar- keted to prospective tenants by Gerry Blinebury , Pat McBride and Adam Camp- bell of Cushman and Wake- field of Pennsylvania, Inc. “The development of Berks Park 78 is consistent with our strategy of providing Class A distribution buildings in key markets with excellent demand drivers and barriers to new supply,” said Douglas Kiersey, Jr. , president of Dermody Properties. n

Upcoming Spotlights July 25, 2014 Commercial Brokerage Directory DelMarVa.................................................................3-4A Financial Digest........................................................5-6A TriState Organization.................................................26A Pennsylvania..........................................................7-21A Eastern PA............................................................11-19A New Jersey....................................................... Section B Southern New Jersey. ............................................5-11B

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