S hopping C enters N ew J ersey /P en sylvania
M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B
www.marej.com
Elman of Cushman & Wakefield represents tenant, Western Carriers Sholom&Cantor of TeamResources brokers long- term lease of 113,623 +/- s/f in North Bergen, NJ
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rants, auctions houses and private collectors. “Western Carriers already has a signifi -
of personal care products. Team represented the sub- landlord, while Randy Eigen of CBRE represented the sub-tenant in this transaction. “The unit provides Anthem with additional warehouse space for their product line,” said Cantor. Sholom and Cantor finalized a warehouse lease of 50,377 +/- s/f to The Valley Hospital at 18-01 Pollitt Drive in Fair Lawn. “Valley will be utilizing this space in connection with their major construction and their expansion nearby,” said Greg. Team Resources rep- resented the Landlord, while Robert Rudin of Cushman & Wakefield was the tenant representative. MAREJ Brink further added “The Pennridge Airport Business Park is a long-term commit- ment in Perkasie Borough that will create and sustain new jobs and industry for many years as well as providing sub- stantial new tax revenues for the area school district. We are proud the Pennridge Airport Business Park Development has funded and implemented a major safety improvement for the community by dramati- cally improving visibility on the Ridge Rd. and Tunnel Rd. intersection. I want to person- ally thank the Perkasie Bor- ough Council andmanagement for their support throughout this process.” Stephen Barth , director of economic development con- sultant for Perkasie Bor- ough also shared “We wel- come Fres-co Systems, USA to Perkasie Borough as a leading manufacturer and job creator for our community. The Pen- nridge Airport Business Park is a strategic investment in our community to court new high- tech manufacturing to Per- kasie and to allow our existing specialty industries a space to continue to grow and expand within our community.” MAREJ
ORTH BERGEN, NJ — Greg Sholom , president, and David
cant presence in the area, so this brand new state of the art facili- ty was a natu- ral,” said Sho- l om. Team Resources represented
Cantor , CEO of Team Re- sources bro- kered a long- term lease of 113,623 +/- s/f at 5905West- side Ave. in North Ber - gen, NJ with
Greg Sholom David Cantor
the landlord in this transac- tion while the tenant was rep- resented by Stephen Elman of Cushman & Wakefield . This single-story warehouse features 16 loading docks, 36’ minimum ceiling heights, and two acres of parking. Cantor and Sholom consum-
Western Carriers, a leading warehousing and transporta- tion service provider to wine and spirits importers, wineries, wholesalers, retailers, restau- HI-LIGHTS NOV. 13 - DEC. 10, 2020
5905 Westside Ave. in North Bergen, NJ
mated a 24,000 +/- s/f sub- lease at 99 Murray Hill Pkwy.
in East Rutherford to Dispos- able Hygiene, a manufacturer
Colliers International represent the landlord in 101,920 s/f lease in Perkasie, Pennsylvania
SPOTLIGHTS
PERKASIE, PA — On behalf of Pennridge Airport Business Park, Colliers an- nounced that inaugural tenant Fres-co System USA, Inc. has recently entered into a long- term lease for 101,920 s/f of new, modern industrial space located at 500 North Ridge Rd., Perkasie, PA. The expansion is fueled by a surge of growth of the 42-year-old company. Colliers International rep- resented the landlord, Pen- nridge Development En - terprises , and CBRE Inc. represented the tenant, Fres- Co System USA, in this trans- action. Fres-co, headquartered in nearby Telford, PA, is a lead- ing manufacturer of flexible packaging - the fastest grow- ing segment of the packag- ing industry focused on more modern, cost-efficient and sus - tainable approaches, marking a departure from traditional rigid containers. Fres-co pro- vides its flexible solutions across markets ranging from food and beverage to chemicals and pharma. “Our company is growing and this large industrial dis- tribution space will allow us to continue providing exceptional
CENTRAL NJ
5-16B
Southern NJ Chapter
IC-1B
500 North Ridge Rd., Perkasie, PA
CENTRAL & WESTERN PA
$60 million project anticipates 600,000 square feet of modern industrial space across six buildings spanning 88 acres at full build out. “One of the key drivers for growth within the Greater Philadelphia industrial mar- ket is the demand for new, class A space from existing occupiers which need to ac- commodate growth within the market they currently occupy and can recognize the efficien - cies of modern space. The long-term lease with Fres-Co System USA continues to il- lustrate this pent-up demand and why projects like the Pen- nridge Airport Business Park have a tremendous runway for success.” said Tom Golarz , of the Colliers leasing team.
service to our customers,” shared Fres-Co chief financial officer Mark Stinson. “We welcome Fres-co System USA, Inc. as a substantial in- dustrial anchor tenant to the Pennridge Airport Business Park. I am also delighted to share that site construction will begin immediately on the second 100,000 s/f build- ing - as demand remains high for industrial space in and around the greater Phila- delphia market.” said Rob Brink ,president of Pennridge Development Enterprises, Inc. The Pennridge Airport Busi- ness Park is the crowning industrial development project on Perkasie’s Northern border along Ridge Rd. and adjacent to the Pennridge Airport. This
20-BCB
LANDMARK HEALTHCARE FACILITIES HIRES WCRE TO LEASE MEDICAL OFFICE BUILDING
4B
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