The 1.1 million-square-foot warehouse and distribution facility and 17 acre drop-lot currently occupied by giant retailer Target Corporation, was acquired by Torchlight Investors. In October last year, the partnership announced the $265-million sale of the Target Flow Center at Logan North. “As a result, Logan North has continued to attract top-tier tenants and represents one of Southern New Jersey’s premier distribution locations, in one of the most active submarkets in the state.” “These leasing milestone serves as testament to the quality and magnetism of Logan North and further underscores the ongoing demand for well-situated, Class-A modern logistics space,” said Advance Realty Investors CEO Peter Cocoziello. Both leases were executed three months prior to the anticipated completion of the otherwise speculative projects. The second tenant, LaserShip Logistics, will occupy Building F, located at 701 Crossroads Blvd. SEKO Logistics, a global logistics freight and delivery company, has signed a 164,000-square foot lease and will occupy Building A, located at 100 Crossroads Blvd. Real Estate Two Large Industrial Leases Signed for Logan North New tenants will occupy nearly 500,000 SF of state-of-the-art distribution facilities in Southern New Jersey On Mar 21, 2022Ī joint venture of Advance Realty Investors and Greek Development has announced it has signed two new leases at Logan North, the partnership’s 3.2-million-square-foot, state-of-the-art distribution park in Logan Township.
0 kommentar(er)
