Friday, November 5, 2010

Two Industrial Leases Announced Totaling 40,000 Sf In Philadelphia Area

"Richmond Waterfront Industrial Park, LLC, leased KanCo Metals, Inc. 30,000 sf at 4710 Bath Street. The new tenant is a scrap metal recycling company in PA and NJ that purchases and sells non-ferrous metals such as copper, brass, aluminum and insulated wire. This is a consolidation of the company s operations at the Frankford Arsenal due to redevelopment.

In the second transaction, Bridge Industrial Center Associates leased 10,000 sf to M.J. Electric, LLC at 2251 Fraley Street in Philadelphia. This national company was founded in 1959 and specializes in electrical and instrumentation construction and maintenance. M.J. Electric provides an experienced technical and professional management team capable of directing the electrical instrumentation effort from project concept through its completion."

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