GID Industrial has acquired a vacant industrial property in Pennsauken, New Jersey, for $14.75 million, with plans to renovate the building. The 111,400-square-foot facility at 8290 National Highway is located about 3 miles from the Betsy Ross and Tacony-Palmyra Bridges, both of which connect to I-95. The purchase price equates to $132.40 per square foot. The building features 20-foot clear heights, one drive-in door, and 15 dock-high doors, and can accommodate one or two tenants.

*Article courtesy of Philadelphia Business Journal

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