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.
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Coffee, Breakfast, & Networking!
|8:30 AM - 9:15 AM||
What Does The Next Phase Hold - How Do You Prepare For It?
|9:15 AM - 10:00 AM||
Debt & Equity Market
How Are Deals Being Structured & New Ways To Get Financing
|10:00 AM - 10:30 AM||
The Pennsauken Logistics Center
8600 River Rd.
Pennsauken Township, NJ 08110
While Philly looks good from the numbers, things such as the 10-year abatement and property assessments are still very much up in the air. What can we expect in 2020? What asset classes and neighborhoods will investors turn to?
Join us and our all star line up of industry experts as we dive into these topics and more!
Please send event questions and topic/speaker recommendations to Noah Ackerman at email@example.com