Leasing has been completed at HRP Mercer Logistics Park, a 1.23 million-square-foot hub located in Hamilton Township on the site of the former Mercer Generating Station.
Hilco Redevelopment Partners said in a news release that Building 1, at 846,000 square feet, has been leased to Dynamic Marketing Inc., a buying cooperative business serving the needs of independent consumer electronics and appliance dealers.
Building 2, at 385,000 square feet, has been leased to United Distribution Services, a retail replenishment leader for apparel, footware and accessories manufacturers.
The third-party logistics providers are taking advantage of the redevelopment of the former coal-fired power plant into a warehouse and logistics campus.
“HRP Mercer is a prime example of how our holistic approach to redevelopment can unlock the enormous potential of strategically located industrial sites,” HRP Chief Investment Officer Andrew Chused said in a prepared statement. “Transforming these legacy properties into new strategic opportunities bring increased sustainability and renewed economic vitality to America’s great logistics corridors.”
JLL’s Nate Demetsky and David Knee represented HRP in the leasing.
