S hopping C enters N ew J ersey /P ennsylvania
M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B
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Construction begins on 2nd bldg. totaling 700,000 s/f at First Logistics Center @ 283 First Industrial Realty Trust leases 1.1 million s/f logistics facility in Central Pennsylvania to Boohoo
LIZABETHTOWN, PA — First Industri- al Realty Trust, Inc. , a fully-integrated owner, operator and developer of in- dustrial real estate, recently signed a long-term lease for its first building at First Logistics Center @ 283 in Elizabethtown. UK-based on- line fashion retailer, boohoo group plc, leased the en- tire 1.1 million s/f facility to serve as their first warehouse and fulfillment center in the US market. The property features 40’ clear heights, E
quarter of 2023 to meet the needs of businesses seeking logistics space in the highly sought-after I-78/81 logistics corridor.” First Logistics Center @ 283 is located along Rte. 230 in Dauphin County. The proj- ect is strategically located just eight miles southeast of Harrisburg International Airport as well as FedEx and UPS parcel facilities. First Industrial would like to thank Jeff Lockard, Paul Torosian, Ryan Barros and Kyle Lockard of JLL for their assistance with the lease. JLL will also assist First In- dustrial with leasing for the second building. Blue Rock Construction, Inc. served as general contractor and Joseph V. Belluccia, AIA served as architect for both buildings within First Logistics Center @ 283. MAREJ
ing is expected to be com- pleted in the second quarter of 2023 and is available for lease. The building will fea- ture 40’ clear heights, 143 loading doors, 194 dedicated trailer stalls, 318 parking spaces and ESFR sprinklers. The First Industrial team is pursuing LEED Silver cer- tification for both buildings. First Logistics Center @ 283
“We are excited to lease our initial building at First Lo- gistics Center @ 283 and we thank boohoo for choosing it as their first US distribution center,” said Jeff Thomas , senior regional director for First Industrial. “We look forward to delivering the 700,000 s/f second building at the park in the second
energy-efficient lighting, and abundant car and trailer parking. Boohoo’s operations are expected to bring a 400 new jobs to the area. On the strength of this successful development and lease, First Industrial has started construction on an adjacent 700,000 s/f facility at the park. The new build-
OCT. 21 - NOV. 17, 2022
HI-LIGHTS
SPOTLIGHTS SOUTHERN NJ 6-11B Lee & Associates tapped to market multiple industrial storage sites in Southern NJ
Tulfra Real Estate & The Hampshire Cos. sell 180-unit apartment complex for $89 Million
NORTH HALEDON, NJ — Rochelle Park, NJ-based real estate redevelopment company, Tulfra Real Estate and its joint venture partner of 30 years, The Hampshire Com- panies , have announced the sale of Molly Brook on Belmont, an upscale apartment com- munity in North Haledon. The buyer is JLL Income Prop- erty Trust , an institutionally managed, daily NAV REIT with more than $7 billion in assets under management. The 180-unit property sold for $89 million. The partners and the Tulfra Development team spent 10 years planning, entitling, build- ing and leasing the project. The brokers on the transac- tion were Brian Whitmer, Niko Nicolaou, Ryan Dowd and Peter Welch of Cushman & Wakefield, Inc. , who repre- sented the seller and procured the buyer. “This transaction was a cul- mination of months of hard work by many professionals and we are grateful to all of
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Molly Brook on Belmont were the buyer’s counsel. Debbie Gregg and Cecilia Lassiter of Sills Cummis & Gross represented the seller. The lender’s counsel was David Ebby and Steve An- ella of Faegre Drinker Bid- dle & Reath . The lender was undisclosed.
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them for their efforts and for making this transaction hap- pen,” said Sonny Jumani , CEO and president of Tulfra Real Estate. Ted Millspaugh and James Moxley of Venable, and Lucille Karp and Jim Ray of McElroy Deutsch
Molly Brook is profession- ally leased and managed by Bozzuto Management , who will continue under new own- ership. The mortgage brokers were Gretchen S. Wilcox, Al Ray- mond , and Wesley Wilcox of G.S. Wilcox & Co. MAREJ
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