Less than a year after buying a 200,000-square-foot industrial building in Croydon, Wharton Equity Partners has landed a new tenant for the vacant property.

Jillamy Inc., a third-party logistics company based in Chalfont, toured the building at 2955 State Road and signed a lease eight days later. The company takes occupancy Sept. 8. “It was a very fast-moving process,” said Nick Aileo, director of acquisitions for Wharton Equity.

The pace of the deal underscores continued demand for well-located industrial space throughout the region despite some skittishness in the economy. The building is within proximity to I-95, Route 1, the Pennsylvania Turnpike as well as the Burlington-Bristol Bridge leading into Southern Jersey and is adjacent to rail.

*Article courtesy of Philadelphia Business Journal

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