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.