SNS Real Estate Investment Group LLC acquired a 60,000-square-foot industrial building in Pennsauken that is currently 100% occupied. Located at 5105-5117 Central Highway, the property was added to the SNS portfolio as part of a long-term investment strategy it has begun to employ in the Philadelphia industrial submarkets. SNS also recently acquired an additional 60,000 square… Read more »
Velocity Venture Partners has become the owner of 9000 River Road in Pennsauken, New Jersey, paying $32 million for the roughly 600,000-square-foot former manufacturing facility. The Bala Cynwyd real estate company bought the former Aluminum Shapes Inc. property through a Chapter 11 bankruptcy sale that took place and was certified in November in the U.S…. Read more »
A year after becoming fully operational, TopPop Packaging has outgrown its 30,000-square-foot contract manufacturing facility in Marlton, New Jersey, and is expanding into 62,250 square feet in Pennsauken. The company makes packaging for frozen alcoholic pops and cocktails for seven beverage companies such as Anheuser-Busch. Frozen, slushy alcoholic drinks is a growing segment of the beverage market…. Read more »
In an improving economy, industrial property can change hands frequently. In a declining one, industrial property owners may be forced to wind up operations and close the facility. If you own or intend to purchase or shut down an industrial facility in New Jersey, pay particular attention to the provisions contained in the state’s Industrial Site Recovery… Read more »
