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.
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.
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