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BRIDGEPORT, NJ-Kenneth Mink & Sons. Inc., a locally based seller of rugs and carpets, has significantly expanded its distribution presence at 510 Pedricktown Rd. here. The building is within the sprawling Pureland Industrial Complex.

The expansion involves a new lease that adds 15,734 sf to the company’s occupancy at the one-story building. Added to its previous tenancy of 24,400 sf., the company’s occupancy now totals 40,134 sf, a move that brings the 55,000-sf building to full occupancy. The building at 510 Pedricktown is part of a three-building complex within the larger Pureland that totals 237,500 sf.

The owner of the property, a fund managed by Cobalt Capital Partners, was represented by Kurt Montagano, SVP of industrial transactions in the Marlton, NJ office of Grubb & Ellis.

“Local companies’ growth was a large contributor to South Jersey’s industrial real estate activity in 2007 as vacancy rates have dropped to only 6.3%,” says Montagano, referring to G&E’s research of the market.

The tenant will continue to use its expanded space as a warehousing and distribution center. Terms of the lease expansion were not released.

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