Real Estate Journal — Industrial / Distribution Centers — May 30 - June 12, 2014 — 19C


M id A tlantic

I ndustrial R eal E state & D istribution C enters Hines, Fiumara and Ruppel of CBRE lead transaction CBRE National Partners sells warehouse/ distribution building and additional parcel L

term leased to two tenants with an average remaining lease term of more than ten years, 1109 Commerce fea- tures clear heights ranging from 32’ – 33’9”, 60 dock doors and 2 drive-in doors, 98 trailer storage positions, and 54’ x 54’ speed bays. Located within LogistiC- enter at Logan, the best-per- forming industrial park in Southern New Jersey, the Property benefits from ideal access to the Port of Philadel- phia via the nearby Commo- dore Barry Bridge. The Port’s niche as a top importer of

OGAN TOWNSHIP, NJ — CBRE, Inc. (CBRE) announced the sale of 1109 Commerce Blvd., located within the mas- ter-planned LogistiCenter at Logan in Logan Township, Gloucester County. CBRE National Partners repre- sented the seller, a partner- ship of Dermody Properties , a privately held, national developer of industrial proper- ties and Great Point Inves- tors, LLC , a SEC registered real estate advisor for institu- tional clients. The transaction was led by Michael Hines , Brian Fiumara and Brad Ruppel of CBRE’s National Partners. RREEF America LLC. acquired the property. 1109 Commerce Blvd. is a state-of-the-art, class A ware- house/distribution building consisting of 259,910 rentable s/f plus a 9.66 acre parcel which can accommodate de- velopment of a free-standing warehouse consisting of ap- proximately 80,000 rentable s/f. The Property is fully air- conditioned, and includes partial cooler/freezer compo- nents (approximately 22% of total rentable area). Long- industrial ground PHILADELPHIA, PA — Richard Natow , president of Prestige Group, Inc . an- nounced that Prestige Group, Inc. was responsible for the sale of a ¾ acre industrial par- cel located at 2439-59 N. 3rd St. and 2414-44 N. Bodine St. along the “American Street” corridor in Philadelphia. The ground was purchased by a private individual who initially plans to use it for outside storage. Arthur Deussing , senior vice president of Prestige Group was responsible for both the listing and sale sides of this transaction. Deussing said: “This ground is located along the “American Street Corridor”. This is an official “Industrial Corridor” which has been designated by the City of Philadelphia. Although there are many antiquated buildings in this corridor which are function- ally obsolete by today’s indus- trial standards, the City of Philadelphia is not allowing change of use to anything but industrial.” n Prestige Group sells ¾ acre of

1109 Commerce Blvd.

perishable foods has brought this submarket to the fore- front of the Northeast food

distribution network. The ten- ants of 1109 Commerce Blvd. contributed significant capital

investments toward building upgrades to accommodate food distribution operations. n


ü Situated along US Route 119 Less than 1 Mile From Intersection of I-70 and PA Turnpike 66 & 76 ü Consists of 5 Buildings on 3 Parcels * Approx. 445,000 Sq. Ft. ü Light Industrial w 20’+/- Clear Ceiling Height ü Dock and Drive-in Doors ü 3 Phase Power, Dry Sprinkler System & Rubber Roofs ü Parcel A - Approx. 118,112 Sq. Ft. on 6.15 +/- Acres * Fully Occupied, Built-To-Suit Opportunities ü Parcel B - Approx. 143,000 Sq. Ft. on 5.81 +/- Acres * 78,000+/- Sq. Ft. Immediately Available * 143,000+/- Sq. Ft. Becoming Available October 1, 2014 ü Parcel C - Approx. 182,002 Sq. Ft. on 18.2 +/- Acres * 73,000+/- Sq. Ft. Immediately Available - Will Subdivide

LEASED AND MANAGED BY: MARK ALLISON INVESTORS REAL ESTATE AGENCY P: 724-925-0215 • C: 724-413-8170 or mallison5@aol.com

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