The Jackson Cross Partners industrial team of Harry McKenna, Jim Young and Lou Battagliese Jr. represented Englewood Tire in the purchase, while Larry Maister of Cushman & Wakefield represented Goya Foods.
"Englewood Tire Wholesale will use the building as a distribution facility serving the Southern New Jersey, Eastern Pennsylvania and Delaware markets," Battagliese Jr. tells GlobeSt.com. This facility is Englewood's sixth distribution center in the Northeastern US.
"Englewood will be making renovations to the property with plans to occupy in October 2009," adds McKenna. "Highway access, the building's high ceilings and its size were features that attracted Englewood to the facility."
In addition to this acquisition, and under the leadership of current president John Boyle, Englewood Tire has also opened distribution centers in Hauppauge, NY and Wallingford, CT to support the growing demand for more products and more frequent deliveries.
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