Ambiont Biopallets has secured a new manufacturing site after a nationwide search. As a result, operations are being moved closer to its U.S. customer base.

The Philadelphia-based company signed a 155,000-square-foot lease at 9000 River Road in Pennsauken. Consequently, the 575,000-square-foot property is now 99 percent leased.

The facility is owned by Velocity Venture Partners and is now fully occupied by three manufacturers. Therefore, the leasing strategy for the site has been successfully executed.

The building offers strong industrial infrastructure. It includes 50,000 amps of power, reinforced concrete floors, and full-site crane coverage. As a result, advanced manufacturing operations can be supported.

The property is located near the Delaware River between the Betsy Ross and Tacony-Palmyra bridges. In addition, access to major transportation routes enhances regional connectivity.

Ambiont plans to occupy the space by the end of the year. As a result, between 150 and 230 jobs are expected to be created in the region.

The lease term spans 10 years, although financial details were not disclosed. Ultimately, the deal reflects continued demand for well-equipped industrial space in Southern New Jersey.

*Article courtesy of Philadelphia Business Journal

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