10-12-18

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EWBERRY, PA — Goodman Group has kicked off con- N Two-building logistics campus that will total over 1.8 million s/f Goodman breaks ground at its latest logistics center inNewberry, Central PA

ISSUE HIGHLIGHTS Volume 30, Issue 19 October 12 - 25, 2018 PROCIDA FUNDING’S 100 MILE FUND TOPS $500M IN LOAN ORIGINATIONS

struction works for a two- building logistics campus that will total over 1.8 million s/f – Goodman Logistics Center Newberry. The new site of- fers customers a unique op- portunity to build a modern logistics warehouse to suit their needs, in this premium location. Located adjacent to Exit 35 and fronting Interstate 83, Goodman's latest develop- ment provides strategic ac- cess to the Port of Baltimore, NewYork / New Jersey, Phila- delphia and Washington D.C. Anthony Rozic , CEO of Goodman North America said: "Newberry is located within one of the premier in- dustrial real estate markets in the US given its affordable cost of living, large labor pool, and high consumption of goods within its own bound- aries. In addition, Goodman

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Goodman Logistics Center Newberry is one of a number of projects in Goodman's cur- rent US$2.6 billion develop- ment pipeline, which will pro- vide 18.3 million s/f of Class A logistics space in the key lo- gistics and industrial markets of Inland Empire, Greater Los Angeles, Northern New Jersey, Lehigh Valley and Central Pennsylvania. Over the last twelvemonths, Goodman Logistics Center Newberry

ROCKFORD CAPITAL PTRS . ACQU I RES 100,632 S/F BUILDING

Logistics Center Newberry's location means that it offers strategic access to 40% of the nation's population while of- fering freeway frontage for customers." Construction for both on- site and off-site infrastructure has now commenced, and the site will be ready to start building by December 2018. With construction due to com- plete in Q3 2019.

Goodman has completed 5.5 million s/f of class A develop- ment product in these key logistics markets, with a fur- ther 1.9 million s/f currently under construction. This is consistent with Goodman's on- going commitment to servicing the needs of its national and global customer base through the development of modern, well-located properties for long-term ownership.  more space) with drive-in loading and available park- ing, allowed us to fully lease the building in less than 9 months,” Myers commented on the velocity with which full occupancy was attained. Prospective tenants were attracted to the property in part because of the new construction, ample parking, and smaller square footages. The tenant base businesses include: inventory storage, electrical contracting, ma- chine shop, logistics, and distribution. Additionally, many of the tenants are lo- cal and wanted a location in close proximity to where they live. Located directly off Route 10, accessible from both east and west bound lanes, the property is near big box stores and less than 1.5 miles from a new retail center, The Corner at Liv- ingston Circle. 

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MAREJ EVENTS October 17, 2018 Delaware CRE Forecast Conference

Myers & Ritschel of Newmark Associates manage leasing of 30 industrial flex units in Livingston, NJ

October 18, 2018 Philadelphia CRE Forecast Conference For speaking and sponsorship information, please contact: Lea at 781-740-2900 or lea@marejournal.com

LIVINGSTON, NJ — Newmark Associates an- nounced the recent comple- tion of fully leasing 30 indus- trial flex units at 7 Industrial Parkway in Livingston. Deborah Myers , manag- ing director/broker-associ- ate, and Charles Ritschel , senior sales associate, man-

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7 Industrial Parkway in Livingston

aged the leasing of the build- ing on an exclusive basis for the building owner with whom Newmark Associates has had a successful, long- standing relationship for over 20 years. Myers represented the owner when he originally bought the property and has completed many other transactions with him. Ownership constructed the 41,250 s/f building from the

ground up on 5 acres of land in a modern and functional design. The building con- sists of 1375 s/f units, each including a small office area, bathroom, open warehouse space, and drive-in door loading. “With the Industrial/Flex market being a highly ‘in demand’ asset class, having newly constructed smaller units (with the ability to as- semble additional units for

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