Sojo Industries is moving into the Langhorne Logistics Center in Bucks County, a property owned and developed by Greek Real Estate Partners.
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The robotics-driven packaging firm has inked a 211K SF lease in the newly built structure at 900 Wheeler Way.
GREP will customize the space to accommodate four packaging lines, office space and a robotics research and development area.
Sojo’s operations at the facility will be partly focused on its Sojo Flight program, which provides on-site packaging manufacturing so users can avoid shipping costs.
A GREP team including Jason Fisch and Patrick Reistrom arranged the lease. Avison Young’s Jim Scott represented Sojo.
SALES
Trophy Commercial Real Estate has completed the $1.8M sale of a development site at 1832-1846 Germantown Ave. in Norris Square, according to a social media post. The property is entitled for 89 residential units and almost 2K SF of ground-floor retail.
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JG Petrucci has sold 13 acres at 4043 Jandy Blvd. behind an Aldi and a Tractor Supply Co. in Nazareth. Colliers facilitated the transaction, according to a social media post from Vice President Seth Lacey.
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Atlanta-based Stonemont Financial Group has purchased a 67K SF outdoor industrial storage facility at 300 Progress Court in Logan Township, New Jersey. A KBC Advisors team including Sean Kelly, Marc Petrella and Michael Kimmel is now working to lease the 32-acre property with rail access.
CONSTRUCTION AND DEVELOPMENT
Industrial Investments Inc. purchased a 67K SF flex building at 500 Enterprise Road in Horsham. The new owner plans to replace the former Comcast call center’s roof and divide the space into smaller units.
THIS AND THAT
Philadelphia-based PPR Capital Management has started a new charity initiative focused on affordable housing and veterans.
The PPR Prosperity Foundation’s first $10K donation went to the Kerrville Area Rebuilding & Recovery Fund, an organization working to help that part of Texas recover from deadly flooding that hit this summer.
PEOPLE
Real estate attorney Nicole Ellis has joined Stradley Ronon as a partner. She most recently worked as an associate general counsel at Brandywine Realty Trust following stints at Cozen O’Connor and Harris Blitzer Sports & Entertainment.
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