"200
Birch Creek Road is a high quality warehouse/ distribution building
containing 597,232 square feet, situated within the Pureland Industrial Complex
in Bridgeport, New Jersey. The property was developed in 1990-91 by
Emory Hill Development for the current tenant Becton Dickenson & Co., (exp.
8/13). Located at exit 10 of I-295, Southern New Jersey's primary north/south
highway, the property benefits from extraordinary access to the Northeast US
Distribution Corridor serving New York, Northern New Jersey,Baltimore,
& Washington DC metro areas in addition to the Greater
Philadelphia MSA. The building offers 25' clear, 42' x 42' column spacing, 2.1%
office, 50 tailgates and 2 drive-in doors.
"Becton
Dickinson’s consolidation of east coast operations into another market
represented a unique opportunity for a value-add investor’s first entrance into
the Southern New Jersey market,” Mr. Hines said. “The lack of
efficient, flexibly designed bulk warehouse/distribution availabilities,
particularly 500,000 square feet and larger, along the I-95 Industrial Corridor
was apparent in the high level of interest in this offering.”
The seller was Cornerstone Real Estate Advisers LLC
of Hartford, CT and the buyer was Hillwood
Investment Properties, a Perot Company, in a partnership with Brookfield Asset
Management."
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