A Secaucus, New Jersey-based fulfillment company has signed a lease and taken occupancy of roughly 133,500 square feet at a large logistics center in Pennsylvania owned by Colony Industrial.
Boxzooka Fulfillment & Global Ecommerce, a business that stores and ships goods for online retailers, is now on the tenant roster at 300 Capital Lane in Middletown, Pennsylvania. The new Class A warehouse is part of a 1.5 million-square-foot logistics hub owned and operated by Dallas-based Colony Industrial, part of Colony Capital. Blackstone Group's desire for warehouse properties led to a deal reached this week to acquire Colony Industrial for $5.9 million.
“Pennsylvania is the perfect geographic location for our expansion plans," Boxzooka Founder Brendan Heegan said in a statement. "Its close proximity to major FedEx and UPS truck hubs and to a large part of the U.S. and Canadian populations, where 30% and 50% of the respective countries’ residents can be reached within just a one-day truck drive, made the property ideal for our requirements.”
In addition to Boxzooka’s long-term commitment to its 133,500 square feet, it will have access to additional warehousing space within Colony Industrial’s complex in Middletown and around the country for the company’s further expansions.
“The space at 300 Capital Lane will not only increase Boxzooka’s distribution network capacity, but also bring more jobs to the region," Colony Industrial Vice President Aaron Reynolds said in a statement. "Boxzooka is another example of the strong demand by our customers for high quality, well-positioned distribution properties located close to major transportation hubs, to satisfy their delivery requirements.”
www.omegare.com
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