JACKSON CROSS REPRESENTS SOUTHCO IN SALE OF 55,000 SF BUILDING ON 19 ACRES TO GEORGE YOUNG COMPANY OF PHILADELPHIA
Philadelphia, PA - January 23, 2009 - Jackson Cross Partners represented Southco, a global leader in Engineered Access Hardware, in the sale of a modern, fully air conditioned one-story 55,000 square foot industrial building on 19-acres within the Pureland Industrial Complex here to George Young Company of Philadelphia.
The Jackson Cross brokerage team of Lou Battagliese, Harry McKenna, and Jim Young negotiated the Agreement of Sale for Southco, while Fran Mahoney, a vice president with Cushman & Wakefield in Philadelphia, represented George Young in the transaction.
According to McKenna, the building was built in 1981 by Center Square Builders and features a 200’ x 240’ plant area, plus 6,400 square feet of 2-story office space. The building is positioned on 14.71 acres with a 5.1-acre contiguous parcel that has access to Osprey Court.
Additional building features include full sprinkler protection, 40’ X 40’ column spacing, tailgate and drive-in loading, 4,000 AMP electrical service, natural gas heat, compressed air lines, five cranes with capacities to five tons, a computer room and paved on-site parking for 125 cars.
George Young Company, headquartered at 20th Street and Oregon Avenue in Philadelphia, was founded in 1869 and is a family-owned business that specializes in industrial rigging, millwrighting, specialized heavy hauling, plant relocation and warehousing.
Jackson Cross Partners – ONCOR International is a full-service commercial real estate brokerage and property management organization that is headquartered in King of Prussia, Pa. The firm has more than 35 brokers and related service professionals located in King of Prussia, center city Philadelphia, Swedesboro, NJ, and Wilmington, DE.
Through ONCOR International, the firm provides client services to over 220 markets worldwide.
JACKSON CROSS ANNOUNCES INDUSTRIAL SALE IN THOROFARE, NJ
Thorofare, NJ - January 19, 2009 - Jackson Cross Partners, LLC announced the sale of a 183,570 square foot cross dock distribution building located at 117 Crown Point Road in Thorofare, New Jersey to Albert Tire Company, Inc. The seller was Exeter Property Group, LP. The building was newly constructed in early 2008 and is being completed to suit Albert’s requirements. Albert Tire will be relocating their headquarters and warehouse operations from Pennsauken, NJ to the new facility.
“The building which is situated on a 16.2 acres site was designed as a cross dock facility for high volume distribution”, said Lou Battagliese, Partner at Jackson Cross who’s industrial team with Jim Young and Harry McKenna represented Exeter Property Group. “The building is the final of three buildings constructed in the Kings Point Corporate Center along with neighbors Shorewood Display, a division of International Paper and Amerisource.”
“With column spacing of 60’ x 54’ and the ability to accommodate racking to 32’ clear, 117 Crown Point Road offers maximum efficiency in product storage,” noted Harry “Located at Exit 19 of Interstate 295, a four-way interchange, it offers easy access to Philadelphia and the entire Northeast Corridor,” concluded McKenna.
Albert Tire Company, Inc, was founded in 1919. The firm supplies automobile, truck and bicycle tires and other automotive products to the retail trade.
Exeter Property Group, LP is a real estate private equity firm that acquires, develops, and manages industrial properties in the eastern United States. Founded in 2006, Exeter has been chartered to execute acquisitions and development and to implement value-added strategies on approximately $1.5 billion in real estate on behalf of some of the most prestigious institutional investors in the United States and Europe. The firm’s portfolio is currently comprised of nearly 10 million square feet.
Jackson Cross Partners, LLC is a Commercial Real Estate company, focusing on a consultative approach to client service. The Jackson Cross team brings extensive experience in Corporate Real Estate, Brokerage, Development and Finance to the property life cycle. With offices in Philadelphia and King of Prussia, Pennsylvania; Wilmington, Delaware; and Swedesboro, New Jersey, Jackson Cross provides market coverage across the Delaware Valley as well as access to markets around the world through its affiliation with ONCOR International. Jackson Cross Partners is a NorthMarq Capital affiliated company.
TWO LARGE LEASES ANNOUNCED AT THE RENAISSANCE CENTRE IN WILMINGTON
Wilmington, DE - January 10, 2009 - Jackson Cross Partners, LLC today announced two large leases at The Renaissance Centre in Wilmington, Delaware. The law firm of Casarino Christman Shalk Ransom & Doss, P. A. leased 8,275 square feet and the national passenger rail carrier, Amtrak, leased 23,716 square feet. The Renaissance Centre is owned by The Commonwealth Group.
“Casarino Christman wished to stay on the south side of Wilmington’s central business district and recognized the quality of The Renaissance Centre,” said Pete Davisson of Jackson Cross Partners. “Those two factors combined to make The Renaissance Centre an ideal and easy choice for them. The quality and location of the building relative to Wilmington’s Amtrak station makes this an excellent location for Amtrak.”
“The owners of The Commonwealth Group are pleased to be able to add these two quality firms to the roster of companies that have chosen The Renaissance Centre,“ noted Cindy Fleming of Jackson Cross Partners.
“The location of the building across the street from the Courts makes it an outstanding location for law firms and Casarino Christman is just one of many law firms that we are speaking to about the advantages offered by the building,” said Jackson Cross Partners’ Keith O’Brien.
Pete Davisson of Jackson Cross Partners represented Casarino Christman. Cindy Fleming and Keith O’Brien represented the building owner. Amtrak was represented by GVA Smith Mack and the building owner was represented by the Jackson Cross Partners leasing team of Davisson, Fleming and O’Brien.
The attorneys at Casarino Christman Shalk Ransom & Doss, P. A. provide legal representation tailored to the unique needs of businesses and individuals involved in litigation in Delaware courts. Their civil litigation practice encompasses a variety of legal matters, with an emphasis on commercial bankruptcy and insurance disputes.
Amtrak operates a nationwide rail network, serving more than 500 destinations in 46 states on 21,000 miles of routes, with nearly 19,000 employees.
The Renaissance Centre is owned by The Commonwealth Group and was designed by Tevebaugh Associates. The 8-story, 194,000 square foot Class A office building has an impressive two-story lobby and a 184-car parking garage. The building is convenient to the court house, the Ships Tavern District and is within an easy walk of Wilmington’s AMTRAK station.
The Commonwealth Group is a fully integrated and diversified real estate company headquartered in Delaware. The firm has been actively providing real estate services in the region for more than 30 years.
Jackson Cross Partners is a Commercial Real Estate company, focusing on a consultative approach to client service. The Jackson Cross team brings extensive experience in Corporate Real Estate, Brokerage, Development and Finance to the property life cycle. With offices in Wilmington, Delaware, Philadelphia and King of Prussia, Pennsylvania; and, Bridgeport, New Jersey, Jackson Cross provides market coverage in the Delaware Valley as well as access to markets around the world through its affiliation with ONCOR International. Jackson Cross Partners is a NorthMarq Capital affiliated company.
JACKSON CROSS PARTNERS ANNOUNCES THE SALE OF MORRISVILLE, PA PROPERTY
Morrisville, PA - January 2, 2009 - Jackson Cross Partners, LLC announced the sale of a 35-acre industrial complex located at 21 South Steel Road in Morrisville, PA to Liberty Coating Company, LLC. Liberty Coating had been a tenant at the site prior to the purchase. The site, which includes six buildings totaling more than 110,000 square feet, is rail served and offers easy access to barge service on the Delaware River via the adjacent Keystone Industrial Port Complex. The seller was United States Steel Corporation. The price of the sale was not released.
“This acquisition will allow Liberty to continue their great success at this location while providing long-term stability and the capability to expand their operations,” said Jim Scott of Jackson Cross Partners. “Liberty Coating Company is part of the The Liberty Group of Companies and is privately owned and operated. With 100 skilled employees, it is highly regarded for its ability to respond quickly to customer’s needs and special requests for coated pipe. Liberty Coating Company, LLC and their sister company Liberty Sales & Distribution, LLC utilize the purchased facility to distribute, manufacture and inventory products for the oil, gas, water, wastewater and petrochemical industries. ”
Jim Scott and Lou Battagliese of Jackson Cross Partners represented the buyer, Liberty Coating Company. Rick Leighton of NAI represented United States Steel.
Liberty Coating Company, LLC is the East Coast’s premier applicator of industrial pipe coatings for the oil, gas and water industries.
United States Steel Corporation, headquartered in Pittsburgh, PA., is an integrated steel producer with major production operations in the United States, Canada and Central Europe and an annual raw steelmaking capability of 31.7 million net tons.
Jackson Cross Partners is a Commercial Real Estate company, focusing on a consultative approach to client service. The Jackson Cross team brings extensive experience in Corporate Real Estate, Brokerage, Development and Finance to the property life cycle. With offices in Philadelphia and King of Prussia, Pennsylvania; Wilmington, Delaware; and, Bridgeport, New Jersey, Jackson Cross provides market coverage throughout the Delaware Valley as well as access to markets throughout the world through its affiliation with ONCOR International. Jackson Cross Partners is a NorthMarq Capital affiliated company.