C — March 29 - April 11, 2013 — The Best of 2012 — Mid Atlantic Real Estate Journal
www.marejournal.com The Largest Industrial Lease of 2012 CBRE-DC 238 Belvidere Rd. Perryville, MD — 1,004,000 SF — Colliers International 3025 Commerce Center Blvd. Bethlehem PA — 800,290 SF — CBRE-NJ 100 West Manor Way Robbinsville, NJ — 905,000 SF —
3025 Commerce Center Blvd.
Crayola, LLC to move their distribution operations in Fredericksburg, where it has operated a distribution center for ten years, plus two smaller Lehigh Valley sites - to the newly constructed 800,000 s/f, $40 million distribution center along Route 412 in the Majestic Bethlehem Center; a move intended to blend their logistics and warehouse operations under one roof - consolidate three Pennsylvania sites into one - and improve product flow. They will employ approximately 60 – 80 people at the facility. Crayola has a Lehigh Valley workforce of 1,080, including its Lehigh Valley manufacturing headquarters and production facilities. Majestic BethlehemCenter is a 440-plus acre master planned industrial park on the former Bethlehem Steel plant located right off of I-78 and Route 412. www.majesticbethlehem. com. Michael Capobianco, SIOR of Colliers International in Allentown worked on behalf of Crayola to negotiate several sites which ultimately ended in the selection of Majestic. Crayola was referred to Colliers Philadelphia by their parent company, Hallmark, an exclusive client of Colliers Interna- tional in Kansas City.
100 West Manor Way
John Wilhde
Ed Harris
Size : 905,000 s/f Brokers: Mindy Lissner, Executive Vice President and William Waxman, Executive Vice president Kenco, one of the largest family-owned and privately- held third-party logistics providers, has signed a lease for the entire building located at 100 West Manor Way in Robbinsville, NJ. The property is located in the Northeast Business Park. Originally constructed in 2007, the 900,000 s/f class A industrial building features a ceiling height of 36 feet and has 120 loading docks. They are the sole tenant in the building at this time. The CBRE team represented Kenco in the transac- tion. Charles Fern of Jones Lang LaSalle represented the owner of the building, Principal Financial Group, Inc.
Perryville, MD Size: 1,004,000 s/f Brokers:John Wilhde, Ed Harris
Hillwood Investment Properties, a Perot company, together with BrookfieldAsset Management, acquired this class A industrial facilities in the Baltimore, MD market. 238 Belvidere Rd. was developed in 2003 and totals 1,004,000 s/f on 71 acres.
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