by Linda Moss Costar News
An automotive supplier has leased a 300,700-square-foot warehouse that developer Black Creek Group is building in New Jersey.
DNA Motoring, headquartered in City of Industry, California, will be the tenant at 839 Railroad Ave., a Class A industrial facility in Florence that’s expected to be completed before midyear.
DNA Motoring will now have distribution facilities not only in New Jersey but Texas and California, according to a statement on Tuesday from Lee & Associates, which represented Denver-based Black Creek in the transaction.
The tenant provides a range of products serving the automotive and trucking industries including exhaust systems, lighting components, radiator and cooling systems, and parts such as running boards and hitches. DNA Motoring expects to take occupancy of the Florence building this summer.
Black Creek has acquired a number of industrial properties in New Jersey in the past year or so. Last May, the developer paid $14.75 million for the 31-acre site in Florence. The building has 36-foot ceilings, 37 doors and parking areas that accommodate 354 cars and 118 trailers. The office space will be built to suit DNA Motoring.
The building is adjacent to Route 130 and is located less than 1 mile from Interstate 95, with immediate access to interstates 276 and 295 and the New Jersey Turnpike. Philadelphia is less than 30 miles from the site, and the ports of Wilmington and Elizabeth are about 60 miles away.
“DNA Motoring continues to gain market share in the rapidly growing automotive and trucking sectors, and this site will support its existing operations in New Jersey to supply products to dealerships and customers throughout the East Coast and Midwest sections of the country,” Tony Rod, a principal at Lee & Associates of Eastern Pennsylvania, said in a statement.
“Black Creek Group’s vision to speculatively develop this best-in-class warehouse/industrial building was driven by the continued demand among end-users involved in the manufacturing, distribution and logistics sectors,” Rod said.
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