2C — May 30 - June 12, 2014 — Industrial / Distribution Centers — M id A tlantic

Real Estate Journal


I ndustrial R eal E state & D istribution C enters

By Gary Brown, RT Environmental Services, Inc. Redevelopment picking up in 2014


igns are all around us that increased interest in industrial properties

nia; there has been more than $100,000,000 in investment development in a former PECO rail yard, which had been used for coal storage at a power plant, but which now has been refur- bished for moving petroleum liquids from rail cars to barges, and vice versa. Lower energy costs always put industrial companies at an advantage, and cause industries to favor locations where they can gain a financial advantage over their competitors. Low energy prices in Pennsylvania and New Jersey had slipped away, as we were reliant on mideast oil, but now, all of that

has changed. A recent Philadelphia In- quirer article even highlighted the national debate which has ensued, questioning whether ethanol is a wise energy choice for our nation, as compared to petroleum and Marcellus gas. The question is on the table because a large amount of pe- troleum is used tomake ethanol and ethanol has also been ac- cused of being a fundamental problemcausing high corn costs, causing more hungry people, when the world is considered as a whole. Many of the energy subsidies considered by theUnited States

in the past to help promote “greener” fuels, were conceived at a time when it was thought that energy prices would con- tinue to rise, and the fuelswhich were being usedwould continue to dwindle in availability. That has all changed, as the United States is well on the way to be- coming self-sufficient. With fuel conversions toward natural gas, the United States has been able to post significant reductions in greenhouse gasses leading to global warming, which even five to ten years ago, was not conceivable. An interesting phenomenon that is expected to occur and

affect the real estate market, is that many big industrial tracts have been broken up, or, for other reasons, are no longer available for industrial development. This could mean that there will be more interest in Brownfields sites, because there remain a significant num- ber of large Brownfields sites throughout Pennsylvania, and New Jersey, which with careful attention to redevelopment, and cooperation of environmental agencies, could be redeveloped more quickly than “Greenfield” sites, which can sometimes also be more controversial and take more time to obtain permits to proceed with redevelopment. We at RT are excited about fu- tureBrownfields redevelopment opportunities, as Brownfields projects are one of our strongest areas of business. We are work- ing on steel manufacturing sites near Pittsburgh and industrial sites in New Jersey. We are also seeing more work for Mar- cellus Shale clients, including examination of opportunities to reduce the materials from drill- ing activities, which otherwise have to go into landfills. RT has always been a major player in Pennsylvania in beneficial ma- terials reuse, and it excites us that beneficial use possibilities can now move, potentially, to another major business sector. GaryBrown is president of RTEnvironmental Services, Inc., and his firm has been working closely with real- tors, for more than 25 years. His firm, RT Environmental Services, focuses on the lat- est business trends, so as to be able to help redevelop properties, which is in ev- eryone’s best interest. n EDISON, NJ — Debo- rah Myers , managing direc- tor and broker-associate at Newmark Associates, Inc. recently closed the sale of a 20,000 s/f industrial building at 11 Progress St. in Edison. Myers represented the buyer, Fine Minerals International, in their search for a new location. Bernard Zimmel , chairman of Zimmel Associ- ates of Edison, represented the seller. The total building size con- sists of approximately 20,000 s/f plus an additional 6,000 s/f mezzanine area. n Newmark Associ- ates closes 26,000 s/f industrial sale

will soon be upon us. Less e x p e n s i v e energy com- ing from the M a r c e l l u s Shale Gas, al ong wi th oil brought in allowing our

Gary Brown

Philadelphia regional refiner- ies to flourish, could herald an industrial pickup ahead. Industrial real estate expan- sion may not be confined to the western part of Pennsylva-

Since 1988


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