Industrial

The real estate and investment firm has opened the new facility at 100 East Pine St. The new office will be led by Laura Monaco, who has left JLL to take on the role of property manager with Denholtz Properties.

The newly constructed, single-story warehouse property sits on six acres and will house a large Goodwill Outlet store, accommodating the organization's e-commerce warehouse growth.

With this addition, Fort Capital has acquired more than 2.5 million square feet of industrial assets within two years with a goal to acquire an additional 5 million square feet of industrial assets by third quarter 2021.

The enforcement action follows two notices of violation sent to the facility following citizen complaints and inspections by DEP staff documenting malodors, as well as the installation and operation of equipment without DEP authorization, the DEP states.

An auction for the assets of Destination Maternity is scheduled to take place on Dec. 9, 2019. The deadline to submit qualified bids is Dec. 5, 2019, and the company expects to seek court approval of the winning bid on Dec. 12.

The firm has acquired a 276,585-square-foot, fully occupied, multi-tenant industrial building.

The Inland Empire is experiencing strong demand for self-storage space as the apartment sector continues to see high occupancy.

If confirmed, Gramian will replace outgoing PennDOT secretary Leslie S. Richards, who will become general manager of SEPTA in January. Gramian will assume the role of acting PennDOT secretary effective Friday, Dec. 6, 2019.