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 2020, New York-based Wharton and Chicago’s Walton bought the portfolio from The Bloom Organization. At the time, it totaled 32 buildings and 1.16 million square feet. Wharton and Walton bought a few additional buildings since then to add to it. The site is 10 miles from Philadelphia’s Center City.

*Article courtesy of Philadelphia Business Journal

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