2-18-22

erage rents rose to the range of $14.55/s/f NNN. • Gloucester County posted a decrease of more than three points, to 11.3 %, building on a solid improvement in the previ- ous quarter, with average rents jumping more than 10%, to the range of $15.50/s/f NNN. MAREJ

Philadelphia continued its impressive run, buoyed by its integral role in e-commerce. The last year saw a remarkable 15.2 million s/f of net absorp- tion and 12.6% rent growth. This is all the more impressive in a market that added 12.2 million s/f of new industrial

positive territory, at a healthy 1.3 million s/f. WCRE also reports on the Southern NJ retail market. Highlights from the retail sec- tion of the report include:

WCRE has expanded into southeastern Pennsylvania, and the firm's quarterly reports now include a section on trans- actions, rates, and news from Philadelphia and the suburbs. Highlights from the fourth quar- ter in Pennsylvania include: • The vacancy ate in

ason Wolf

Pennsylva- ushed off its on variant. to rebound der economy nd summer, of the Delta the highly ron variant nd, increas- verberating ts emerged, fallen to the the onset of many busi- heir official ns to begin abor Day. delayed by even further fects of this throughout a tear, as it ut the year. retail mar- ck and put- while Omi- said Jason managing . “The good ng pipeline nd owners enants are tability and arter there new leases uted in the veyed (Bur- nd Glouces- l gain over New tenant pproximate- bout 65% of ee counties. ent double- provements ter. rket high- ort: ncy in the 65%, nearly he previous rket main - um, wi th vely on the reement. s improved

14B — February 18 - March 17, 2022 — Pennsylvania — M id A tlantic Real Estate Journal • The Consumer Confidence Index rebounded in November and December, after dipping FULL SERVICE COMMERCIAL REAL ESTATE BROKERAGE & ADVISORY FIRM

www.marej.com

P ennsylvania

ESTAMPTON , PA — Roddy Inc. , the Bensalem, PA W Kraus USA expands its BurlingtonCounty, PA presence Frank Roddy of Roddy Inc. executes 71,200 s/f lease

i n d u s t r i a l a n d c o m - mercial real estate bro- kerage firm, announ c e d that Kraus USA recently leased 71,200 s / f o f t h e

Frank Roddy

=127,000 s/f modern one story multi-tenant industrial facility situated on 9.8 acres located at 300 Highland Dr., Highland Business Park, Westampton. The Westampton facility, together with Kraus’s exist- ing 85,000 s/f Delran facility, which Roddy also leased to them in 2017, increases the company’s presence within Burlington County to more than 156,000 s/f. The additional facility of- fers eight tailgate docks, one drive-in door, 40’x 40’ column spacing, T-5 lighting, 3,500 s/f of air-conditioned office space, ample parking, and is heated and sprinklered throughout. Located in the Highland

300 Highland Dr.

Business Park near the Mount Holly/Willingboro Interchange of I-295, the facility is sur- rounded by an excellent high- way network, including I-295, the New Jersey Tpke., and bridges to PA. Frank Roddy , president of Roddy Inc. who represented Kraus in the leasing of its We- stampton facility as well as its Delran facility, advised that the long-term lease calls for an aggregate rental of $4.225 million. Dave Ricci of The Flynn Company represented the Brandywine Industrial, LLC in the Westampton lease. Roddy represented University

Partners, L.P. in the sale of their 23,033 s/f building located at 2061 Hartel Ave., Levittown to 2061 Hartel Avenue LLC, a subsidiary of Cyntox Biohazard Solutions. SeanDurkin advised Cyn- tox Biohazard Solutions pro- vides reliable, cost-effective medical waste disposal for major hospitals, small pro- viders, laboratories, physi- cian practices, dental clinics, long-term care facilities, veterinarians and an exten- sive array of businesses and healthcare providers that generate sharps or potential- ly infectious material. MAREJ

U p c o m i n g N J P A

QUALITY COMMITMENT PERFORMANCE

MARCH 18:

NORTHERN NJ NORTHEASTERN PA SOUTHERN NJ SOUTHEASTERN PA

APRIL 22:

CENTRAL NJ CENTRAL/ WESTERN PA

MAY 20:

Edi tor ial Requi rements - -Press Re l ease 350-500 words wi th proper ty photo and broker photos . Expert Art icles - - 550 words wi th author headshot and bio . (author name and t i t l e , co . name and locat ion)

Geotechnical Design & Analy

nvironmental Site Assessments and

www.earthengineering.com Corporate Headquarters: 610-277-0880 Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 South Jersey: 856-768-1001

Deadl ine- - 16 days pr ior to publ i cat ion date .

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