Novaya Foxfield Industrial LLC (Foxfield) had a busy summer of leasing, completing the following new leases, renewals and relocations totaling over 500,000 square feet:
AmeriPac, Inc. signed a new 178,600 SF lease at 4500 Westport Drive, Mechanicsburg, PA. Ameripac’s commitment to this industrial facility and the greater Harrisburg industrial market illustrates the company’s continued growth in the packaging & fulfillment services industry. Ameripac will provide co-packing services to a multi-national client at this location.
Food Sciences Corporation has expanded its commitment to the Mt Laurel, NJ submarket in two transactions: an early extension to an existing 106,000 SF lease at 116 Gaither Drive, Mt Laurel, NJ, and a new 105,450 SF lease at 820 East Gate, Mt. Laurel, NJ, directly across the street from their headquarters at 821 Eastgate Drive. This expansion space allows Food Sciences to expand their product line and focus on their mission of designing and manufacturing innovative nutrition products to combat obesity and its related chronic conditions.
CTX Group, Inc. has relocated from 820 Eastgate Drive, Mt Laurel, NJ, signing a new 57,104 SF lease at 601 Delran Parkway, Delran, NJ. For more than 70 years, CTX has successfully served its customers through offering same day and next day trucking services throughout the entire lower 48 with focus on the northeast.
The Jewelry Group, an American designer, marketer and wholesaler of jewelry accessories, signed a 51,486 SF lease at 1 Killdeer Court, Logan Township, NJ, two months after Foxfield’s purchase of the property. The Jewelry Group will fulfill wholesale orders of their products from the facility.
TDX Global Solutions, Inc. an industry leader in Power Systems Engineering, Construction Management, Power Operations and Sustainment, signed an extension of their lease that relocates and expands their premises to 6,022 SF lease at 614 Heron Drive, Logan Township, NJ.
“This recent leasing momentum throughout our portfolio is testament to the locations and quality of our assets, not to mention the impact of last-mile demand throughout Southern New Jersey and Eastern Pennsylvania,” notes Foxfield Principal, Jeff Theobald.
A big thank you to all the brokers involved in the above transactions: Scott Mertz, NAI Mertz; Joe Mcdermott, Vince Ranalli, and Jake Terkanian, CBRE; John Van Buskirk and Ed Skonecki, Lee & Associates of Eastern PA; and Brad Struck,
ESRP.
About Foxfield Industrial
Foxfield Industrial, a joint venture between Novaya Real Estate Ventures and Foxfield Ventures, is a real estate operating company focused on the acquisition and operation of industrial properties throughout the Mid-Atlantic and the Southeast United States. The partnership aims to provide compelling, absolute investment returns while maintaining a margin of safety. Foxfield and its affiliates currently manage over $130 million in existing assets and development projects. In the past two years they have acquired 11 properties totaling 1.5MSF.
