Atlanta-based Stonemont Financial Group has made its first industrial investment in the Philadelphia region, acquiring a South Jersey property for $25.5 million. The 32-acre site, located at 300 Progress Court in Logan Township, was sold by Advanced Drainage Systems Inc., which had previously occupied the facility but vacated following the sale. The deal reflects a… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1636 Bridgeboro Road, Edgewater Park, NJ 08010. The Edgewater Park property is available for sale. The property holds +/- 4,000 square feet on 4 acres, that could be utilized by land and… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2091 Springdale Road, Cherry Hill, New Jersey 08003. The Cheryy Hill property is available for lease. The property holds +/- 3,075 square feet that could be utilized by industrial users. Features of… Read more »
A South Jersey building used as a distribution center for Rite Aid Corp. and a Bucks County building leased by AstraZeneca is among six Philadelphia-area properties that are part of a 58-building industrial portfolio recapitalized for $423.5 million. Taurus Investment Holdings, a Boston real estate investment firm, owns a portfolio that totals 3.96 million square… Read more »
Faropoint, an Israeli real estate company that first entered the Philadelphia market a year ago, has dropped another $75 million to add 19 industrial buildings totaling 904,000 square feet to its growing portfolio of last-mile distribution centers throughout the region. The company last year spent more than $50 million to buy 11 industrial properties between… Read more »
PhilaPort has topped off a $42 million, 201,621-square-foot distribution center that is under construction at the Packer Avenue Marine Terminal. The milestone means the last piece of steel has been installed in the construction of the building under development at 455 Pattison Ave. in South Philadelphia. Haines & Kibblehouse, a Skippack construction company that has… Read more »
