Jones Lang LaSalle

First Industrial Buys Two Buildings Totaling 82,000 SF
By Eric Peterson
Last updated: March 8, 2006 10:03am
(To read more on the industrial market, click here.)

PENNSAUKEN, NJ-First Industrial Realty Trust has added two industrial buildings totaling just under 82,000 sf to its portfolio. The sellers were EHL Holdings and Capital Management Systems.

The sellers were represented by Colliers L&A of Philadelphia, and specifically by that firm's Marc Isdaner and Barry Greenberg. No selling price was released.

The first building, located at 855 Hylton Rd., is a 44,000-sf warehouse on 2.45 acres with 20-ft. clear ceilings. The second, at 8181 N. Crescent Blvd., is a 37,875-sf warehouse on two acres with 14-ft. ceilings. The two properties were, until recently, occupied by Parts Distributors and Fleet Parts Distributors, both of which relocated to a larger facility in Moorestown, NJ. With the sale, First Industrial, which has its regional office in Exton, PA, has also tapped the Colliers L&A team of Isdaner and Greenberg to market the properties once upgrades and renovations are completed.