Jones Lang LaSalle
USPS Takes 180,000 SF
By Eric Peterson
Last updated: December 27, 2005 08:07am
(To read more on the industrial market, click here.)
SWEDESBORO, NJ-Jackson Cross Partners, based in King of Prussia, PA, has racked up a half-dozen lease signings worth more than 325,000 sf in South Jersey and Pennsylvania. In the largest deal in terms of value, Powell Electronics, a provider of electronic connectors and switches, will occupy 60,000 sf at 200 Commodore Dr. within Commodore I-295 Business Center here.
“Powell is consolidating certain operations,” says Harry McKenna of Jackson Cross, who repped building owner the Dolan Group. Powell, which was repped by Colliers L&A, “will be taking an entire 60,000-sf building on 4.2 acres. The building includes 14,880 sf of office space.”
In the lease involving the most space, the US Postal Service leased 179,785 sf for seasonal operations at 1370 Imperial Way within Mid-Lantic Park in West Deptford. Jackson Cross spoke for the USPS, while the Flynn Co. represented to owner, who was not identified.
In other signings, Elite Flowers took 49,170 sf of refrigerated distribution space at 9 Campus Dr. in Burling Business Campus, Burlington Township. Based in South America with its US headquarters in Florida, the company will use the New Jersey space as a Northeast distribution center. The building is owned by the Dolan Group.
In the other signings, Floorz Inc. took 4,817 sf of flex space at 614 Heron Dr. in Bridgeport, and in a separate lease, 2,400 sf of retail space at the Shoppes at Pureland, also in Bridgeport. And in the one Pennsylvania lease, UTi United States, a logistics company, signed on for 30,000 sf at Ashland Center II in Folcroft.
USPS Takes 180,000 SF
By Eric Peterson
Last updated: December 27, 2005 08:07am
(To read more on the industrial market, click here.)
SWEDESBORO, NJ-Jackson Cross Partners, based in King of Prussia, PA, has racked up a half-dozen lease signings worth more than 325,000 sf in South Jersey and Pennsylvania. In the largest deal in terms of value, Powell Electronics, a provider of electronic connectors and switches, will occupy 60,000 sf at 200 Commodore Dr. within Commodore I-295 Business Center here.
“Powell is consolidating certain operations,” says Harry McKenna of Jackson Cross, who repped building owner the Dolan Group. Powell, which was repped by Colliers L&A, “will be taking an entire 60,000-sf building on 4.2 acres. The building includes 14,880 sf of office space.”
In the lease involving the most space, the US Postal Service leased 179,785 sf for seasonal operations at 1370 Imperial Way within Mid-Lantic Park in West Deptford. Jackson Cross spoke for the USPS, while the Flynn Co. represented to owner, who was not identified.
In other signings, Elite Flowers took 49,170 sf of refrigerated distribution space at 9 Campus Dr. in Burling Business Campus, Burlington Township. Based in South America with its US headquarters in Florida, the company will use the New Jersey space as a Northeast distribution center. The building is owned by the Dolan Group.
In the other signings, Floorz Inc. took 4,817 sf of flex space at 614 Heron Dr. in Bridgeport, and in a separate lease, 2,400 sf of retail space at the Shoppes at Pureland, also in Bridgeport. And in the one Pennsylvania lease, UTi United States, a logistics company, signed on for 30,000 sf at Ashland Center II in Folcroft.
posted by Jones Lang LaSalle NJ News Blog at 9:59 AM
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