A California real estate investment firm has made a major acquisition in South Jersey. Oakland-based Berkeley Partners purchased a 275,000-square-foot industrial warehouse at 500 University Court in Blackwood for $36.2 million, according to public records. The seller was an entity tied to New York-based investment firm TPG Angelo Gordon. The deal equates to roughly $131… Read more »
A major logistics company is set to create around 1,000 jobs in Cinnaminson after securing the region’s largest industrial lease of the year. Performance Team, a California-based logistics provider and part of the global shipping leader Maersk, has leased the entire 1.2 million-square-foot Box Park Logistics Center at 995 Taylors Lane, according to recent reports…. Read more »
TA Realty has purchased a newly built industrial facility at 1950 River Road in Florence, New Jersey, on a forward basis from Carson Cos., which developed the property. The 486,812-square-foot Burlington County warehouse was completed this year and was fully leased leased to LC Logistics Services at the time of the sale. Financial terms of the sale… Read more »
