X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DAYTON, NJ-WEL Cos., based in DePere, WI, is expanding its warehousing operations here to a total of 83,200 sf. The location is within a 283,600-sf building owned by Opus East LLC within the Turnpike Crossings II industrial complex.

Peter Corcoran, director of development with the Plymouth Meeting, PA office of Opus East, negotiated the multi-year deal. The lease agreement carries an aggregate rental of $1.7 million, according to Corcoran.

WEL Cos. will move into a portion of the recently completed structure that fronts the New Jersey Turnpike, according to Corcoran. The building is the second phase of Opus East’s 1.2 million-sf, three-building Turnpike Crossings. The first phase of the project, a 526,400-sf structure completed two years ago, is fully leased to Fleming Foods, according to Corcoran.

WEL Cos. is a privately owned transportation company that specializes in refrigerated food products and a variety of dry commodities. Besides the local operation, the company has major warehousing and distribution centers in its home base of DePere, WI, as well as Winter Haven, FL, Allentown, PA and Horseheads, NY. Its customers include Hershey Foods and Kraft.

Opus East, meanwhile, opened its Plymouth Meeting, PA office in 1998 to develop office and industrial facilities in the region. Besides the Fleming Foods building, projects since then have included build-to-suits for Proctor & Gamble, Estee Lauder, Circuit City and Lennox.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.