PENNSAUKEN, NJ-First Industrial Realty Trust has acquired five industrial buildings totaling 380,000 sf here. The sellers were ELJO LLC and Hylton & National Associates, locally based investment and development groups.
The deal was arranged by Marc Isdaner, director and senior vice president of the Philadelphia-based Colliers Lanard and Axilbund, representing the Chicago-based First Industrial. The sale price was not disclosed.
The five buildings, which range in size from 35,000 sf to more than 121,000 sf, are located at 1650 Sherman Ave., 8290 National Highway, 1601 Hylton Rd, 1625 Hylton Rd. and 7101 Westfield Ave., near existing First Industrial holdings in Pennsauken Industrial Park. The newly acquired assets are currently 100% leased, with a tenant roster that includes Tabloid Graphics, Lyons & Sons, Loomis Fargo and Windstream Communications.
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