Wednesday, March 25, 2015

Plymouth Industrial REIT Buys South Jersey Industrial

by Steve Lubetikin,
The sale of a 156,280-square-foot multi-tenant, light industrial building located at 4 East Stow Road in Marlton, NJ, was completed to Plymouth Industrial REIT, a Boston-based real estate investment corporation.

4 East Stow Road is currently 97 percent leased, under long-term, triple net leases.  Current tenants in the building include Cherry Hill Photo, RiverTech Solutions and MBO America.  The building, situated on 14.54 acres, features 22’ ceiling heights, 22 tailgate loading doors and eight drive-in loading doors.  The building is just off Route 73, within five minutes of Interstate 295 and the New Jersey Turnpike, about 15 miles from Philadelphia.

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