Wharton Industrial Sells Pennsauken Portfolio

Wharton Industrial Sells Pennsauken Portfolio

A joint venture between Wharton Industrial and Walton Street Capital has sold Twinbridge Industrial Park, a 1.3-million-square-foot industrial portfolio in Pennsauken, for $194.5 million, in one of the largest industrial deals in New Jersey this year. 

An affiliate of New York-based DRA Advisors bought the 37-building portfolio. The average building is 35,000 square feet. 

In 2020, New York-based Wharton and Chicago’s Walton bought the portfolio from The Bloom Organization. At the time, it totaled 32 buildings and 1.16 million square feet. Wharton and Walton bought a few additional buildings since then to add to it. The site is 10 miles from Philadelphia’s Center City.

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Velocity Venture Partners Buys Former Bradlees in South Jersey

222 S. White Horse Pike Stratford,NJ

Sensing an opportunity with former retail assets, Velocity Venture Partners added to its portfolio by buying a 120,000-square-foot vacant space within a South Jersey shopping center and plans to convert it to industrial use.

Velocity paid $5.3 million for the rectangular box at 222 S. White Horse Pike in Stratford. Blue Bell-based Brandywine Financial Group is the seller of the building, which was previously a Bradlees department store that closed in 2000. The building has been vacant for more than 20 years and Velocity plans to convert it into an industrial warehouse for one or two tenants. 

Bala Cynwyd-based Velocity expects construction to cost $3 million and plans to have the space ready for a tenant by the early fall.

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

WCRE Completes Industrial Investment Sale in Winslow Township, New Jersey

208 S. Route 38 Winslow Twp, NJ

WCRE is proud to have exclusively represented ATN Consulting, Inc (Buyer) and Thomas Garvey Trust (Seller) in the recent investment acquisition of 208 South Route 73 in Winslow Township, New Jersey.

This fully leased 54,252 SF industrial building is situated directly on the heavily traveled Route 73 corridor providing convenient access to Atlantic City Expressway, and nearby numerous local amenities.

ATN Consulting Inc. purchased this income producing property adding it to their growing portfolio in Southern New Jersey.

WCRE’s Erin Warwick represented both the buyer and seller in this transaction.

Israeli Company Adds to Industrial Portfolio with Purchase of South Jersey Warehouse

Israeli company adds to Philadelphia-area industrial portfolio with purchase of South Jersey warehouse for $13M

Faropoint has added to its growing portfolio in the region with the purchase of a 119,000-square-foot industrial building in South Jersey for $13.05 million.

The Israel-based real estate company bought the property from Newvine Corp.

The building, located at 1654 High Hill Road in Swedesboro, is part of a 12-acre property. Thomas Scientific is the site’s lone tenant and uses the building as its corporate headquarters and main distribution center. The company has a long-term lease in place.

Faropoint first entered the Philadelphia market in 2020, spending $50 million to buy 11 industrial properties between Southeastern Pennsylvania and South Jersey. Those acquisitions included a nearby building 121 High Hill Road in Swedesboro. By the fall of 2021, it had spent almost $130 million to acquire properties totaling more than 1.5 million square feet.

*Article courtesy of Philadelphia Business Jounral

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Highly Visible Pad Site Available in Maple Shade

605 Stiles Ave Maple Shade, NJ

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 605 Stiles Avenue in Maple Shade, New Jersey. The Maple Shade property is available for sale or lease with two buildings and a pad site.

The first building is +/- 2,000 square-feet, the second building is +/- 3,000 square-feet and the site is +/-.95 acres.

Features of 605 Stiles Avenue, Maple Shade, New Jersey

605 Stiles Ave is mixed-use property zoned Business District Permitted Uses which is ideal for general retail, restaurants with or without drive-thru, financial institutions, professional offices and healthcare offices.

The property is located at the signalized intersection of Stiles Ave and Princeton Ave and conveniently located minutes from Philadelphia, NJ Turnpike and I-295.

605 Stiles Ave is surrounded by densely populated residential neighborhoods and multiple national retailers.

For more information about the lease price or a tour of the retail space, please contact Eric Flocco, Vice President, at (609)790-6940 or via email eric.flocco@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

Premier Land and Development Site For Sale

1360 Route 77 Bridgeton, NJ

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1360 Route 77 in Bridgeton, New Jersey. The Bridgeton property is available for sale.

The property is situated on +/- 8.45 acres of land and is zoned General Industry/Industrial.

Features of 1360 Route 77 in Bridgeton, New Jersey

1360 Route 77 is located in the Upper Deerfield Redevelopment Zone.

The land is ideal for developers as the property is eligible for tax pilots and a five (5) year tax abatement. The property is only 8 miles from Route 55 and has various national neighbors like Lassonde, Perdue and Americold.

For more information about the lease price or a tour of the land and development space, please contact Ryan Barikian, Vice President, at (856) 383-5355 or via email ryan.barikian@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

Two Industrial Land and Development Sites For Sale

1771 & 1779 S. Burlington Road, Bridgeton, NJ
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1771 S. Burlington Road and it’s neighbor, 1779 S. Burlington Road in Bridgeton. The Bridgeton property is available for sale.1771 S. Burlington is situated on +/- 20 acres of land, while 1779 S. Burlington Road is situated on 11.65 acres. Both zoned General Industry/Industrial.

Features of 1771 & 1779 S. Burlington Road in Bridgeton, New Jersey

Both 1771 and 1779 South Burlington Road are eligible for five (5) year tax abatements.

The land is ideal for developers. Each property is only 9 miles from Route 55 and has various national neighbors like Lassonde, Perdue and Americold.

For more information about the lease price or a tour of the industrial space, please contact Ryan Barikian, Vice President, at (856) 383-5355 or via email ryan.barikian@wolfcre.com.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

South Jersey Residents Oppose Warehouse Development

South Jersey Residents Oppose Warehouse Development

 Residents in a South Jersey town packed a meeting Monday night to try and put a stop to a plan that would build more warehouses in Salem County.

A company called Knightowl Holdings is trying to build nine new warehouses and two trailer lots that would cover over 500 acres of land along 295 in Oldmans Township.

*Article courtesy of Fox29

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other properties, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com, for a full listing of commercial properties for lease or sale.

WCRE Completes 5,766 SF Warehouse Lease in Pitman

410 Andbro Drive Pitman NJ

WCRE is proud to have exclusively represented Cathe.com in the leasing of 5,766 SF of warehouse space at 420 Andbro Drive in Pitman, New Jersey from VVANDBRO, LLC.

420 Andbro Drive is situated closely near Routes 55 and 47 offering Cathe.com seamless distribution of their products as the company is utilizing the industrial space for storage. With the company’s main facility in the neighboring town of Glassboro, this location additionally provides easy access for the company between the two locations.

Cathe.com was founded in 1988 by Cathe Friedrich and is the first original advanced fitness videos for at home exercisers. Cathe.com is the leading innovator, providing a multitude of fitness videos and in-person training. These award winning workouts have been featured in numerous publications like The Wall Street Journal, Philadelphia Inquirer and QVC.

The industrial lease at 420 Andbro Drive adds to WCRE’s growing number of successful Industrial transactions in the Southern New Jersey region.

Phil Costa, Vice President at WCRE represented the tenant in this transaction.

Pet Supply Distributor Can Double Size of Route 130

Pet Supply Facility South Jersey

BURLINGTON TWP. — A & E Cage Company, a family owned pet supplies distributor, now has township permission to roughly double the size of its facility at 4451 South Route 130.

The company, which designs and makes a broad line of bird cages and toys, needed a Zoning Board review and approval because the site falls within residential and business zones with differing construction standards. The board unanimously approved the site plan after a hearing Wednesday night.

John Lance, a Moorestown resident who owns the business, testified the expansion will provide much needed storage capacity.

*Article courtesy of Burlington County Times

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.