An entity affiliated with Northbridge Partners has acquired 1450 Taylors Lane in Cinnaminson in a sale-leaseback transaction, according to a Wednesday announcement from Colliers.
The property is 100% long term leased to Actega North America, a wholly owned subsidiary of Altana.
Actega develops, produces and distributes water-based and energy-curable specialty coatings, inks, adhesives and sealing compounds with a focus on the packaging, graphic arts and medical industries. Its products offer visual and functional appearances to paper, board, metal or plastic. Altana has production facilities in Europe, North and South America and China.
The 67,260-square-foot building is situated on four acres and features 24-foot clear height, nine tailgate loading docks (expandable to 13), plus three concrete ramp drive-in doors.
Based in Wakefield, Massachusetts, Northbridge is a vertically integrated real estate firm with a focus on acquiring infill logistics assets of small to midsized industrial assets critical to the supply chain. It has a targeted geographic footprint focused on densely populated major markets on the East Coast.
The seller, 1450 Taylors Associates LLC, was exclusively represented by Richard Gorodesky of Colliers, who was the sole broker in this transaction.
