S hopping C enters S outhern NJ S potlight
Real Estate Journal — Southern New Jersey — January 17 - 30, 2020 — 5B
www.marej.com
M id A tlantic
OGAN TWP., NJ — C o l - l i e r s 151,600+ s/f facility on I-295 Corridor to undergo improvements Isdaner of Colliers International facilitates recent sale of 1 Warner Court, Logan Twp. L
Brea Bakery, Kenco Logistics, UPS and many others. GFI Partners plans to immedi- ately implement a capital improvement program, which includes white-boxing the warehouse interior, new LED lighting and adding six more loading dock doors to the cur- rent twelve dock doors, and one drive-in door. The build- ing has a 1200-amp electric service and can be fully air- conditioned if needed by any tenant. In addition, a new roof will be installed Spring of 2020. Marc Isdaner of Colliers International facilitated the transaction in cooperation with Randall Book of the Colliers Detroit office. Isdaner will be representing GFI Partners in marketing the property for lease. value-add opportunity for the new owner, and I ampleased to have brought this opportunity to my client,” he added. Located in the heart of Atlan- tic County, in close proximity to the Atlantic City Expressway, Garden State Pkwy., and Rte. 9, 6805 Delilah Rd. is a 33,400 s/f industrial building compris- ing 30,000 s/f of warehouse space and 3,400 s/f of office space. Situated on a 4.5-acre lot, the building features 26 to 33-foot clear ceiling heights, an insulated corrugated steel roof, 25 x 50-foot column spacing, six tailgate loading docks, one drive-in door, and 48 parking spots. Klear has significant experi- ence in the commercial real estate landscape in Egg Harbor Twp. He previously brokered the sale of the 6805 Delilah Rd. industrial facility to FDI Trad- ing in May of 2017. He has also completed nearby transactions, including the sale of a 138,700 s/f industrial portfolio at 6575- 6579 Delilah Rd. and several other recent leases. Currently, Klear is marketing a 35,000 s/f industrial unit for lease in Mays Landing.
I n t e r n a - t i o n a l i s pl eased to a n n o u n c e the recent s a l e o f 1 W a r n e r Court, Lo- gan Twp . ,
Marc Isdaner
Gloucester County. The prop- erty, a 151,600 s/f industrial building on 14.09 acres, is located in the Pureland In- dustrial Complex. Colliers will remain the exclusive leas- ing agent for the new owner, Warner Court LLC, which is operated by Boston based GFI Partners . 1 Warner Court sits along the I-295 corridor directly off Exit 10, and less than a few MT. LAUREL, NJ — NAI Mertz , a full-service commer- cial real estate firm conduct- ing business throughout the United States, and globally, from its regional offices in New Jersey, greater Philadelphia and northeastern Pennsyl- vania, announced it recently completed the sale of East Gate Business Center, a 116,000 s/f office and flex complex in Mount Laurel. The team of Scott Mertz, SIOR , president; John Adderly , executive vice president-managing director; Rebecca Ting, SIOR , senior vice president; and Julie Kro- nfeld, SIOR , vice president; represented the previous own- er, Eastgate Business Center, LLC, in this transaction. The buyer, Strategic Funding Alternatives LLC, adds this eight-building business com- plex to its existing South Jersey portfolio of properties. “Our team has served as ex- clusive leasing agents at East Gate since 1998, and we are pleased to have represented our client in trading this first- class property to SFA, as they continue to expand and diver- sify their portfolio of assets,”
1 Warner Court
miles from the New Jersey Tpke. at exit 2 and minutes from I-95 and Philadelphia via the Commodore Barry Bridge. Strategically located within the Pureland Indus-
trial Park, the property offers immediate access to Philadel- phia International Airport and the Ports of Camden/ Philadelphia. It is a who’s who of corporate neighbors
within Pureland Industrial Park, which includes house- hold names such as Lockheed Martin, Home Depot, Sam’s Club, CTDI, Kimberly Clark, Amazon, Cardinal Health, La
NAIMertzbrokerage teamconcludes saleof 116,000 s/f East Gate Business Center inMount Laurel, NJ
Starlight Homecare Agency. With convenient access to I-295 and the New Jersey Tpke., East Gate Business Center is located less than fifteen minutes to Philadelphia via theWalt Whit- man, Ben Franklin, Betsy Ross, and Tacony-Palmyra bridges. An extensive variety of hotels, restaurants, shopping options, and other amenities are nearby making this a highly sought- after destination for businesses and employees alike. In a separate transaction, NAI Mertz announced that Jonathan Klear , senior vice president, brokered the $1.45 East Gate Business Center
stated Mertz. “As experts in the Mount Laurel office and flex real estate landscape, we look forward to remaining the exclusive agents of this corpo- rate center and bringing new and exciting companies to the mix of tenants that call East Gate home,” he added. East Gate Business Center spans eight buildings situated on nine acres on Gaither Drive in the heart of Mount Laurel. The complex is currently 94 percent leased to tenants that include NJ Default Group, LLC, Terminix International Co., The McSweeney Agency, and
million sale of 6805 Delilah Rd. in Egg Harbor Twp. Klear represented the seller, FDI Trading, in this transaction. Roy Kardon of NAI Mertz represented the buyer. The new owner plans to remodel, overhaul and improve the space for their use. “Egg Harbor Twp. has seen a number of new users within the last 18 months due to its convenient access to many of the state’s most popular highways and the availability of property within the region” said Klear. “This transac- tion represents a tremendous
Made with FlippingBook - Online Brochure Maker