Sensing an opportunity with former retail assets, Velocity Venture Partners added to its portfolio by buying a 120,000-square-foot vacant space within a South Jersey shopping center and plans to convert it to industrial use. Velocity paid $5.3 million for the rectangular box at 222 S. White Horse Pike in Stratford. Blue Bell-based Brandywine Financial Group… Read more »
Velocity Venture Partners purchased 436 Commerce Lane in West Berlin, New Jersey back in August 2020 for $2,700,000. Just weeks after closing, Velocity leased the sole vacancy to Walmart. The building features five drive-in loading doors, six loading docks, 18′ ceilings, and is well-located just off Route 73. Velocity sold the building for $4,200,000 to an… Read more »
Velocity Venture Partners has paid $14.25 million for Stow Road Corporate Park in Marlton, growing its South Jersey presence to nearly 2 million square feet. The property comprises five, single-story flex buildings totaling 160,000 square feet at 8, 9, 10, 12 and 14 Stow Road. Ellington Management Group was the seller. Jonathan Klear and Fred… Read more »
