WEST DEPTFORD, NJ-Brokers from the Flynn Co., Philadelphia, have arranged three industrial leases totaling 439,000 sf in the metro South Jersey region.
In the largest transaction, Camden International Commodities has taken the entire 179,785-sf building at 1370 Imperial Way within MidAtlantic Corporate Center here. The facility will be used for the storage and distribution of cocoa products. Flynn was the sole broker, representing landlord Cobalt Industrial Partners LP, an affiliate of Cobalt Industrial REIT. The latter is a private REIT managed by Cobalt Capital Partners of Irving, TX. Terms were not released.
In the second deal, Missa Bay LLC, a re-packer and distributor of fresh produce, has leased 154,675 sf on a long-term basis at 101 Arlington Blvd. within Commodore 295 Business Park in Logan Twp. The building, now fully occupied by Missa Bay, is owned by Liberty Venture I LP, an affiliate of Liberty Property Trust. The signing brings the tenant's total occupancy in the region, where it has multiple locations, to more than 320,000 sf.
And Art Guild Inc., a maker of exhibits and retail displays, has leased 104,545 sf at 1240 Forest Parkway, a 229,000-sf building within the Forest Park Corporate Center here. Flynn represented the tenant, which will use the site for fulfillment, warehousing and distribution. The ownership, Multi-Employer Property Trust and Trammell Crow Co., was represented by TCC. Terms were similarly not released.
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