12C — August 20 - September 16, 2021 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers U The 725-AC industrial park, owned by River Pointe Logistics River Pointe Commerce Park updates building plans P P E R MO U N T BETHEL , PA — CBRE announced
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Spotlights
Sept. Issue | Deadline Sept. 3rd
updated plans for the devel- opment of River Pointe Com - merce Park located in Upper Mount Bethel. The 725-acre industrial park, owned by Riv - er Pointe Logistics (RPL), will now consist of 15-buildings, totaling six million s/f Delivery of the state-of-the-art logistics space will begin in 2022. The CBRE team of Jake Terkanian and Sean Bleiler , are spearheading the leasing campaign for this unique and one-of-a-kind development. “In addition to the existing plans, the developer is in a unique position that allows the layout of the buildings to change to suit an array of industrial uses and is open to providing everything from build-to-suite lease or sale op- tions to entitled pad site sales,” said Terkanian. “Given the lack of quality industrial space and the insatiable demand by logistics and e-commerce companies, we have already seen strong interest from a number of tenants including food and beverage and manu- facturing, among others, who are attracted to the park’s unique attributes, including the potential to have 100-foot building heights.”
ROOFING/WATERPROOFING
Oct. Issue | Deadline Oct. 15th
River Pointe Commerce Park
The first building, 303 Demi Rd., scheduled for delivery in 2022, will offer 420,000 s/f of industrial space with 45-foot building heights, 42 docks and two drive-in doors. A 168 MW high voltage substation is situated adjacent to the site, making it ideal for multiple uses, including manufacturing. River Pointe Commerce Park is ideally located just 1.5 miles from Exit 4 off Interstate 80, under 65 miles from the Port of NY/NJ and 80 miles from the Port of Philadelphia. In MONTCLAIR, NJ — CBRE has completed the sale of 103 Grove St., a transit- oriented development site in Montclair, NJ. BB Capital LLC acquired the .73-acre parcel from Peptco and plans to de- velop a self-storage facility at
the site. The CBRE Investment Prop - erties team of Charles Berg- er, Elli Klapper and Mark Silverman spearheaded the marketing campaign and ne- gotiated the sale transaction on behalf of Peptco. “We have arranged the sale of several redevelopments in Montclair, as well as through- out New Jersey over the past few years and this newest transaction further highlights the state’s continued market strength, specifically in the multifamily and industrial sectors,” said Berger. “While complex transactions are ex- tremely challenging, our team specializes in these type of mid-market deals that can transform entire neighbor- hoods.” MAREJ
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Nov. Issue | Deadline Nov. 5th DESIGN BUILD
Dec. Issue | Deadline Dec. 17th
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