Rockefeller Group trades 345,600 sq. ft. distribution center in Burlington County for $83M

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A recently completed 345,600-square-foot distribution center was sold to Glendale Warehouse and Distribution Corp. for $83 million, according to a Wednesday announcement from owner, and developer Rockefeller Group which purchased the property in September of 2021.

Located on 27.64 acres on Route 206 in Eastampton Township, approximately eight miles from Exit 7 of the New Jersey Turnpike, Glendale will use the building for the distribution of spices and other food grade products. The distribution center includes 96 trailer spaces, 384 auto parking spaces, and a 185-foot truck court with a 60-foot concrete apron. It also includes 54 dock doors with two drive-in doors, 36-foot clear height, 4,000 square feet of speculative office space, 3,000 amps of power and LED lighting.

“Rockefeller Group is pleased to complete and sell our industrial distribution center in Eastampton, which drew significant interest from both local and national users during the construction of the core and shell,” Zac Csik, vice president, Rockefeller Group NJ/PA Development said. “It was a pleasure working with Glendale, a user-buyer who was excited to be purchasing a new, Class A distribution center in one of New Jersey’s fastest growing industrial markets – Burlington County.”

“Glendale is excited to be moving into our new, state-of-the art distribution center in Eastampton as we continue to expand our business in New Jersey,” Glendale President Frank Collette said. “With this new facility, developed by a terrific partner in Rockefeller Group, we are consolidating operations from multiple buildings in Edison to this larger building and will be able to better serve our customers and utilize multiple ports of entry for our imported products.”

Rockefeller Group and Glendale worked closely together on completing the building to meet Glendale’s stringent food safety requirements and operational needs. Glendale will employ approximately 30 workers at the new facility, many of whom are coming over from the Edison properties.

Chuck Fern from Cushman and Wakefield represented the buyer and the CBRE team of Tom Monahan, Gerard Monahan, Stephen D’Amato, Larry Schiffenhaus, Lauren Hageman and Ana Lazarides served as the exclusive agent for the seller. Blue Rock Construction was the general contractor, Menlo Engineering was the civil engineer and KSS Architects designed the building.