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 »
Whitesell Co. has unloaded more properties from its vast holdings, selling three industrial buildings in South Jersey for an estimated $48 million. High Street Logistics bought the three industrial buildings totaling 401,827 square feet that were fully occupied at the time of sale. Though the sale price couldn’t be confirmed, market sources said that it… Read more »
High Street Logistics Properties has purchased a three-building industrial portfolio totaling 402,000 square feet in South Jersey. The buyer, based in Woburn, Massachusetts,acquired 300 Richards Run in Burlington, 1090 Thomas Busch Memorial Highway in Pennsauken, and 823 E. Gate Drive in Mount Laurel. The portfolio was 100% occupied at the time of sale. The seller was Whitesell Construction Co. of Mount Laurel, New… Read more »
An entity associated with Eaton Vance Management has paid $43.95 million for the former A.C. Moore distribution center in Berlin, New Jersey, according to Camden County property records. The 767,000-square-foot building at 130 Makers Ave. traded in late 2019 for $25 million. The building was developed in 2004 by A.C. Moore for $46.3. million, according… Read more »
Meal-delivery service Freshly is expanding again, with plans to open a second distribution center in New Jersey and relocate its New York City headquarters, which will more than quadruple its footprint in Manhattan. Freshly, a leading provider of fresh prepared meals, said Monday it had signed a lease for an assembly and logistics hub at 450… Read more »
