X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

BRIDGEPORT, NJ-Univeg America Inc. has signed a lease for 108,783 sf of industrial space at Liberty Property Trust’s 406 Heron Dr. here. The international food processing concern, which is based in Belgium, will occupy three-quarters of the 145,000-sf, single-story building.

The move is part of Univeg’s expansion within the US, an effort that’s being done in concert with the California-based Ready Pac Foods. Univeg America will use the location for warehousing and distribution in the tri-state region. Terms of the signing were not released.

Univeg’s new building in South Jersey’s Gloucester County was constructed in 1998. It’s situated within the Gateway at Pureland section of the Pureland Industrial Complex, a 30-year-old, 3,000-acre planned industrial park that currently has 100 buildings totaling 15 million sf under multiple ownership. The Malvern, PA-based Liberty Property Trust owns several buildings within the park.

The Univeg America signing is one of 11 new and renewed lease deals Liberty has worked out recently in South Jersey, with a total consideration of more than 172,000 sf of industrial and office space. At Greentree North Corporate Center in Mt. Laurel, info tech firm TRC Cos. has renewed with Liberty for 12,844 sf at 16000 Commerce Parkway, while at 9000 Commerce Parkway, Credit Lenders has renewed for 12,100 sf, and IATL a testing lab operation, has signed a new lease for 12,000 sf. Also within Greentree North, Weil McLain Inc., a manufacturer of boilers and heaters, has renewed for 3,000 sf at 17000 Commerce Parkway.

At Liberty’s 3000 Atrium Way in Mt. Laurel, CBDI, a benefits brokerage firm, has renewed and expanded to a total of 10,104 sf. And the law firm of Ginsberg & O’Connor has renewed and relocated from another Liberty building to occupy 2,679 sf at 3000 Atrium Way.

At 13000 Route 73 in Four Greentree Centre, Marlton, Tenant Healthsystem Hahnemann has renewed for 6,424 sf; Metafile Information Systems has renewed for 2,140 sf; and Directive Communications has signed a new lease for 1,183 sf. And at 701 Route 73 in Marlton Executive Park II, the law firm Ballard Spahr has renewed with Liberty for just less than 1,000 sf.

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.