2B — June 12 - 25, 2020 — New Jersey — M id A tlantic Real Estate Journal
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N ew J ersey
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E L R A N A N D MOUNT LAUREL, NJ — An affiliate of ScottMertz fromNAIMertz named the agent for portfolio Endurance announces the acquisition of the SNJ portfolio D
l Landlord Representation l Tenant Representation l Research & Marketing Information l Corporate Real Estate Representation l Investments l Property Management l Appraisal & Advisory Services l Construction Services
Endurance Real Estate Group, LLC (Endurance) and PCCP, LLC (PCCP) announced the acquisition of the Southern NJ Core Infill Portfolio, a seven building, 553,548 s/f warehouse/dis- tribution portfolio located in Swedesboro, Delran and Mount Laurel. The portfolio is currently 88% leased to 22 tenants, anchored by Food Sciences, Inc., Carnegie Phar- maceuticals, LLC, and The Jewelry Group, Inc. Endur- ance and PCCP acquired the portfolio for $42.925 MM. The team of Michael Hines, Brad Ruppel, Brian Fiumara and Lauren Dawicki of CBRE, Inc. represented the seller in this transaction. The Burlington and Glouces- ter County markets are ma- ture infill destinations with a history of high occupancy and rapid rent growth. According to CBRE, the Burlington in- dustrial market is reporting a vacancy rate of 5.4%, while the Gloucester County industrial market is reporting a vacancy rate of 6.2%. Vacancy rates for industrial space with modern specifications, as seen at the Portfolio, are much lower.
For more information, visit WolfCRE.com or call 856-857-6300.
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Marlton, NJ l Philadelphia l King of Prussia, PA
ONLINE ONLY A UCTION S Bid Online June 18 th - June 24 th “Don’t wait to buy land, buy land and wait.” Will Rogers
600 Delran Pkwy.
Over the trai l ing three years, the average asking rent for Southern New Jer- sey’s light industrial inven- tory has increased by over 31.6%. A severely limited number of industrial-zoned sites proximate to interstates and bridges, combined with a protracted multi-year approv- al/entitlement window and surging tenant demand have pushed asking rents for new light industrial developments in Southern New Jersey into the high-$5 range, and even higher for suites smaller than 50,000 s/f.
New Jersey
a section of the MARE Journal 350 Lincoln Street, Suite 1105 Hingham, MA 02043 P: 781-740-2900 Fax: 781-740-2929 www. MAREJ .com Section Publisher Lea Christman lea@ MAREJ ournal.com Section Editor Karen Vachon editor@ MAREJ ournal.com
PRIME CORNER LOT
Bidding Ends: 10:00 AM
Selling Absolute!
Property Location: Tuckahoe Rd. & Coles Mill Rd., Franklin Twp., NJ
ScottMertz from NAIMertz has been named the agent for the portfolio. MAREJ Real Personal. Real Successful. Real Estate. Your commercial real estate transaction demands innovative expertise and principal involvement. Our network of 75 global offices is exceptionally experienced and intentionally independent. Let’s talk today.
Prime Corner Lot, Signalized Intersection of CR 538 & CR 555, Neighborhood Commercial Zoning (NB), $1000 STARTING BID
7 ± ACRES PRIME DEVELOPABLE LAND
Bidding Ends: 10:15 AM
SELLS AT OR ABOVE $50,000!
EHT High School & Community Center
Property Location: 5064 English Creek Ave., Egg Harbor Twp., NJ
Surrounded by Residential Subdivisions, Egg Harbor Twp. High School & Community Center, On Busy Communter Road, $10,000 STARTING BID!
ALL bidding will be ONLINE ONLY at WarnerRealtors.com
corfac.com
856.769.4111 WarnerRealtors.com
Mid-Atlantic Real Estate Journal, 1/4 pg, May 29 & June 12
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