Real Estate Journal — Industrial / Distribution Centers — May 25 - June 7, 2018 — 9C
M id A tlantic
I ndustrial R eal E state & D istribution C enters 507,634 s/f industrial asset located in heart of Central PA’s I-81 Corridor Cushman & Wakefield’s Blinebury, Carpenter, Yoshimura, & Hill, Jr. broker industrial sale M ECHANICSBURG, PA — Cushman & Wakefield’s Pennsyl-
at the core of the I-81 Corri- dor, one of the most desirable locations for bulk distribution space in the eastern United States. The fully temperature controlled warehouse, which is 100 percent leased to a single tenant, has a clear height of 23 feet at the eaves and 26 feet at the peak. Previous ownership made significant upgrades to the property, including the addition of state-of-the-art features such as ESFR sprinklers and T-8 lighting, whichmake it ideal for a variety of warehouse distribu- tion tenants.
“6345 Brackbill Blvd. pre- sented a unique opportunity for the right buyer to acquire a fully leased, modern industrial asset offering exceptional ac- cess to the extensive regional highway systemand population density in the Central Pennsyl- vania market,” said Blinebury. Central PA is one of the fastest growing industrial real estate markets due to its prox- imity to I-83, I-81, I-78 and the Pennsylvania Turnpike. Over 50 percent of the U.S. popula- tion is within a 10-hour truck drive, and the region boasts a large and diverse labor pool.
Glick of Sheldon Gross Realty arranges 12,000 s/f lease in Belleville, NJ BELLEVILLE, NJ — A 12,000 s/f space at 53Montgom- ery St. in Belleville has been leased by New York City-based Platinum Maintenance Servic- es Corporation, in an arrange- ment managed by Jonathan Glick , executive vice president for Sheldon Gross Realty . The industrial location is convenient, with Rte. 7, Rte. 21, and Rte. 506 all passing close by. In addition, 53 Montgomery Street is only 15 minutes from midtown Manhattan. Linden, NJ — EverWest , in partnership with Accordia Realty Ventures announced the acquisition of a 20 acre development site located in Linden six miles from the port of Newark. Construction of a 130,000 s/f warehouse/distri- bution facility is projected to commenced in May with de- livery anticipated for Q1 2019. “The purchase of this site has been a 2.5 year long process so it is very gratifying to start work on a new state of the art facility that will deliver func- tional infill warehouse space that the market is clamoring for.” said EverWest’s head of acquisitions, Mark Bigarel, who oversees the company’s acquisition activity in the U.S. EverWest acquired 4400 South Wood Ave. on behalf of an institutional separate account. 4400 South Wood Ave. vania industrial team has bro- kered the sale of 6345 Brack- bill Blvd. in Mechanicsburg. Penwood Select Industrial Partners, VLP purchased the 507,634-square foot, single- story industrial asset from a real estate investment manage- ment firm. Gerry Blinebury , execu- tive managing director with EverWest acquires core development site
6345 Brackbill Blvd.
Cushman & Wakefield, led the Capital Markets team of James Carpenter, Robert Yoshimura, and Joseph Hill, Jr., which
represented the seller. Located on 29 acres with rail access and a secure truck court, the site is strategically situated
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