Philadelphia Pet Store with a Growing Amazon Presence Leases South Jersey Industrial Building

September 25, 2020

A Philadelphia pet store with an expanding e-commerce presence is leasing a 58,000-square-foot warehouse in South Jersey, where the industrial vacancy rate remains low amid a hot industrial market. 

Monster Pets signed a seven-year, four-month lease for the full building at 601 Delran Parkway in the Swedes Run Industrial Park in Delran, Burlington County. 

The 553,579-square-foot portfolio includes properties in Gloucester County’s Swedesboro as well as properties farther north in Mount Laurel and Delran in Burlington County.

Swedes Run Industrial Park is located less than a mile from Route 130 and about six miles from I-295 and the New Jersey Turnpike. 

Monster Pets, which has a retail location on Columbus Boulevard in South Philadelphia, is leasing the space to house a new warehouse and distribution center as it expands, Endurance said. The company has a growing e-commerce presence, with more than 2,000 items offered through its Amazon storefront and nearly 19,500 ratings in the last year.

A recent report put Burlington County’s industrial submarket at a 3.6% vacancy at the end of the second quarter. The reports notes net absorption this year so far totals 1.7 million square feet.

*Article Courtesy of Philadelphia Business Journal

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