JACKSON CROSS ANNOUNCES LOUISVILLE LADDER LEASE
King of Prussia, PA – July 29, 2010 – Jackson Cross Partners, LLC today announced that Louisville Ladder, Inc. has leased 50,000 SF at the Dunks Ferry Road Industrial Park in Bensalem PA. The five year lease has a total aggregate value of just less than 1 million dollars.
Jackson Cross Partners, in cooperation with the Stephen C. Gault Co. of Louisville, Kentucky, represented Louisville Ladder in their search for a new distribution center.
Louisville Ladder, founded in 1946, is one of the largest climbing products manufacturers in the world. They are relocating their Philadelphia Regional distribution center to the Dunks Ferry Road Industrial Park in Bensalem.
Rafael Arauz, Louisville Ladder’s Logistics Manager said, “We are pleased to be able to continue to serve the Philadelphia market. The company has been distributing quality products in this area for more than 20 years and we are proud of our local employees and the high level of customer service they provide”.
Nick Adams and Louis J. Battagliese, Jr. focused their search on sites in the Bucks County market that allowed Louisville Ladder quick access to major roadways. “We searched the market and focused on quality space that matched with Louisville Ladder’s needs” said Nick Adams.
The landlord, Cobalt Capital Partners, and Mike Borski, Sr. of the Flynn Co. welcomed Louisville Ladder as a new tenant. Move in is scheduled for August of this year.
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. Jackson Cross provides Financing and Property Management Services through active partnerships with NorthMarq Capital and Fameco Management respectively.Through ONCOR International, the firm provides client services to over 220 markets worldwide.
JACKSON CROSS ANNOUNCES QUAKER SAFETY BUILD TO SUIT
King of Prussia, PA – July 29, 2010 - Jackson Cross Partners, LLC today announced that Quaker Safety recently joined Gorski Engineering Inc. to break ground on a new 28,000 square foot manufacturing and service facility at Northfield Business Campus in Richland Township, Bucks County. Gorski Engineering Inc. of Collegeville is the developer of Northfield Business Campus.
“I appreciate the hard work the Gorski team put in making this project possible and I am eager to move into the new facility,” said Pete Nicholas of Quaker Safety. “We will employ more than 40 people when we occupy the new facility in November of this year.”
Quaker Safety is one of the leading manufactures of NFPA compliant garments for Structural and Proximity Fire Fighting. Since 1986 substantial research and development has enabled Quaker Safety to design and manufacture high quality turnout gear with a quick and reliable delivery schedule. Quaker Safety’s rapid delivery, customer satisfaction and technical support remain unsurpassed in the fire service industry.
Gorski Engineering Inc. of Collegeville, Northfield’s developer, provided planning, design, construction and building service solutions to Quaker Safety. Northfield Business Campus is a 118 acre development. There is a 50 acre tract fronting on East Pumping Station Road and 68 acres of open space that preserves significant woodlands and provides riparian buffers. Jerry Gorski noted, ”The development can house up to 400,000 square feet of building on the 50 acre tract, creating an opportunity for over 600 jobs”.
Nick Adams of Jackson Cross Partners represented Quaker Safety in their search for a new facility to help expand with their growing company. “The supply constrained market of quality manufacturing buildings led us to search the build-to-suit market,” said Nick Adams of Jackson Cross Partners. “Gorski Engineering was able to design a new facility tailored to meet Quaker Safety’s requirements and remain within the budget. The new 28,000 SF facility will allow for Quaker Safety’s future growth.”
Financing for both Northfield Business Campus and Quaker Safety’s new facility is provided by Univest Corporation of Souderton.
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. Jackson Cross provides Financing and Property Management Services through active partnerships with NorthMarq Capital and Fameco Management respectively. Through ONCOR International, the firm provides client services to over 220 markets worldwide.