Wharton Industrial and Walton Street Capital have sold a 1.3 million-square-foot portfolio in New Jersey outside of Philadelphia for $194.5 million to DRA Advisors. Twinbridge Industrial Park, which has 37 properties and is in Pennsauken, traded hands, divested by Wharton and its joint venture partner, Walton, the sellers said in a press release. PGIM Real… Read more »
Wharton Industrial continues to expand its Philadelphia-area holdings, buying a pair of fully leased warehouses in Pennsylvania and New Jersey totaling 325,000 square feet. The properties are at 9130 Griffith Morgan Lane in Pennsauken and 5 East Pointe Drive in the Berks County town of Birdsboro. Both deals involve sale-leasebacks. The 189,498-square-foot warehouse in Pennsauken… Read more »
WCRE is proud to have represented Wharton Industrial Partners in the acquisition of 19 Creek Parkway in Boothwyn, Pennsylvania. 19 Creek Parkway is an approximately 22,000 square foot flex industrial building situated on 1.8 acres. This well-located warehouse property is fully leased to Flowserv Corp. 19 Creek Parkway provides direct access to Routes 322 and is minutes from… Read more »
