20A — May 24 - June 13, 2019 — Industrial / Distribution Centers — M id A tlantic

Real Estate Journal


I ndustrial R eal E state & D istribution C enters Nappen & Associates’ third venture on Milford Square Pike, fourth coming soon on AMDr. Construction is underway! 125,000 s/f ind./flex building - minutes from the PA Tpke. & Rte. 309 Q UAKERTOWN,/ PA — Nappen & Asso- ciates announced its

latest industrial/flex building onMilford Square Pike, Milford Twp., Quakertown. The facility offers LED lighting, ESFR (ear- ly suppression fast response) sprinkler system, minimum 16 tailgate doors with levelers, 4 drive-in doors, and 33’6” clear height. This will be Nappen’s third venture onMilford Square Pike with a fourth coming soon on AMDr. The first two buildings, 2700 and 2800 Milford Square Pike, were completed in 2014 and are 100% leased. PISCATAWAY, NJ —De- velopers Sudler Companies and GTJ REIT recently com- pleted the construction and interior design on a 150,000 s/f facility into the new ware- house, office and distribution center of international art supplier Colart’s new North American headquarters. Colart, who’s art history goes back to the 1400’s and in- cludes Picasso, Andy Warhol

Milford Square Pike

For the last 50 years, Nappen & Associates specialized in the development, construction and and David Hockney among its many famous clients, has been at 11 Constitution Avenue in Corporate Park 287 since the early 1980’s with Sudler Companies as its original landlord until GTJ REIT bought the building in 2016. In 2018, when Colart need- ed a larger, more modern facility, GTJ REIT suggested the 2 Corporate Place South

continuing management of in- dustrial/flex space in Bucks and Montgomery Counties. Having location within the same corporate park for its next multi-generational home. Sudler demolished the previ- ous office building in 2018 to accommodate Colart’s need to stay in Piscataway. “All at Colart are extremely excited to invest in keeping our North American headquarters in PiscatawayNJ, said Dennis van Schie, CEO for Colart. “This new facility provides a

developed approximately 3.5 million s/f ranging in size from 2,200 to 340,000 s/f, Nappen

and its affiliated companies successfully meet the needs of a wide variety of tenants.  Companies. “While interest in office space as waned over the past decade, this area along the 287 Corridor has gained popularity for warehouse fa- cilities.” On May 15th, Senator Bob Smith and Mayor Brian Wahler joined Sudler Com- panies and GTJ REIT to of- ficially welcome Colart into its new home with a ribbon cutting ceremony. 

Sudler Cos. >J Reit Colart’s need to stay on 287 Corridor with new 150,000 s/f center In Piscataway, NJ

better working environment for all our employees in the distribution center and offices and allows us to better support both the future growth plans and our customers and con- sumers across North America”. “We’re glad to be serving Colart again and appreciate GTJ REIT as a great partner in facilitating this transac- tion,” said Peter Sudler , president and CEO of Sudler

215-643-4848 www.nappen-associates.com

Montgomery and Bucks Counties, PA Modern Facilities ▪ Prime Locations ▪ Competitive Lease Rates

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