Colliers International Concludes Industrial Sale in Pennsauken for $4.15M

8/1/16

Colliers International’s Southern New Jersey office concluded the sale of a 115,300-square-foot manufacturing facility at Airport Industrial Park for $4.15M. The property will be occupied by Standard Merchandising, a sock manufacturing company whose former location was sold to make way for the new Subaru headquarters in Camden.

The property, at 7001 North Park Drive, is situated on 7 acres and was a former printing facility occupied by Contemporary Graphic Solutions. The building offers views of the Cooper River and is across from the river’s running/biking trail.

Airport Industrial Park has over two million square feet of industrial buildings and is conveniently located at Routes 130, 70, and 38. It’s excellent accessibility to three state highways makes it a highly desirable location for buyers.

Colliers’ Marc Isdaner and Ian Richman were the sole brokers in this transaction. The sale of the property represents the 26th building they’ve sold in Airport Industrial Park in the past five years.

ABOUT COLLIERS INTERNATIONAL

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. Locally, Colliers International is headquartered in Philadelphia (established in 1920) and comprises six offices in the region (Philadelphia, PA; Conshohocken, PA; Harrisburg, PA; Allentown, PA; Mount Laurel, NJ; and Wilmington, DE). For the latest news from Colliers International, visit colliers.com/mountlaurel, or follow us on Twitter: @ColliersSNJ

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