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Event Host
The Pennsauken Logistics Center
The Pennsauken Logistics Center is a 355,000 square foot industrial asset located at 8600 River Road in Pennsauken New Jersey. This location is sandwiched between the Betsy Ross & Tacony Palmayra bridges and sits a few miles from the New Jersey Turnpike & Interstate 295 - providing tenants with easy access to the City of Philadelphia and North/South arteries. The site was acquired by Velocity Venture Partners in December of 2019 and is currently under full renovations - a process that will white box the interior (painting, new LED lighting, floor scrubbing, loading upgrades, demolition) and retrofit the exterior (roof replacement, painting, repaving). The property is roughly 60% through renovations and is currently being marketed to a variety of tenants - from logistics/distribution to light manufacturing. Unit sizes as small as 6,000 sf and up to 350,000 sf are currently available.
About Velocity Venture Partners Velocity is a Philadelphia-based developer of industrial and flex properties. The firm was founded in 2017 by Tony Grelli & Zach Moore and currently owns and manages close to two million sq. ft. of industrial real estate in Southern New Jersey and Southeastern Pennsylvania. Velocity raises acquisition capital from high net worth investors and family offices throughout the United States. For more information or to contact the team, please visit www.velocityinv.com.
Speakers and Panels
Recession Proofing
What Does The Next Phase Hold - How Do You Prepare For It?
Daniel Killinger
EVP & COO
National Real Estate Development
Sara Doelger
Partner
Argosy Real Estate Partners
Jason Morgan
President, Special Situations
Morgan Properties
George Kotridis
Principal
CLA
Debt & Equity Market
How Are Deals Being Structured & New Ways To Get Financing
Tawan Davis
CEO
Steinbridge Group
Mike Stillwell
CEO
Streamline
Chris Egan
SVP
Walker & Dunlop
Tony Grelli
Founding Partner
Velocity Venture Partners
Andrew Coler
SVP
PNC Real Estate
Andrew Beauchemin
Managing Principal
WCRE Capital Advisors
Summary
A behemoth has entered the Philly Industrial market with Prologis purchasing Liberty. Liberty had a national portfolio, but a heavy focus is the Philadelphia/Lehigh valley region. How will this giant change Philly market dynamics?
Similarly, to Prologis, Silverstein Properties has recently turned their attention to the Philly market. What about the Philly market is attracting outside capital?
According to reports from Marcus & Millichap, cap rates in Philly have gone up to mid 5% to low 6% range. What impact will rising cap rates have on the market?
With construction costs continuing to soar and the ever looming recession how are deals getting financed?
What asset classes are investors most bullish on, and which ones are they most bearish on in the Philly market?
Venue
The Pennsauken Logistics Center
8600 River Rd.
Pennsauken Township, NJ 08110
Agenda
| Time | Activity |
|---|---|
|
12:30 PM
1:30 PM
|
Coffee, Breakfast, & Networking!
|
|
1:30 PM
2:15 PM
|
Recession Proofing
What Does The Next Phase Hold - How Do You Prepare For It? |
|
2:15 PM
3:00 PM
|
Debt & Equity Market
How Are Deals Being Structured & New Ways To Get Financing |
|
3:00 PM
3:30 PM
|
More Networking!
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