GID Industrial has acquired a vacant industrial property in Pennsauken, New Jersey, for $14.75 million, with plans to renovate the building. The 111,400-square-foot facility at 8290 National Highway is located about 3 miles from the Betsy Ross and Tacony-Palmyra Bridges, both of which connect to I-95. The purchase price equates to $132.40 per square foot…. Read more »
A pair of Pennsauken warehouses sold for $22.95 million as part of an acquisition by upstate New York food manufacturer Baldwin Richardson Foods. In April, Baldwin Richardson announced the purchase of Pennsauken Packing Co., including its warehouses at 1550 and 1600 John Tipton Blvd. Camden County property records revealed the price. Pennsauken Packing, a subsidiary… Read more »
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… Read more »
Wharton Equity Partners has picked up six more industrial properties totaling 283,400 square feet in South Jersey, growing its presence in the market to a total of 1.3 million square feet. Wharton bought the properties in Cherry Hill and Pennsauken in two separate transactions. The deals highlight Wharton’s focus on buying smaller buildings as well… Read more »
WCRE (Wolf Commercial Real Estate), a South Jersey Commercial Real Estate Brokerage Firm, is now offering nearly 13,000 square feet of premier South Jersey industrial and flex office space for sale or lease in Cherry Hill. This Southern New Jersey industrial property for sale or lease at 1 Allison Drive Cherry Hill New Jersey… Read more »
WCRE (Wolf Commercial Real Estate) reports that the South Jersey commercial real estate market exceeded several of its third quarter benchmarks, despite uncertainty caused by a natural disaster and other major news events. The latest quarterly analysis from WCRE, a premier South Jersey Industrial Real Estate Broker, found that while the third quarter was marked… Read more »
