Eastern Warehouse Distributors, Inc. acquires 110,000 square foot building

"AutoParts Warehouse acquires 1050 Wheeler Way, Bucks County Business Park, Langhorne, PA.

AutoParts Warehouse acquired 1050 Wheeler Way, Bucks County Business Park, Langhorne, Bucks County, PA. The 110,000 square foot one-story building located on 10.0 acres and former site to Domtar Paper Company, LLC sold for $3,800,000.

AutoParts Warehouse is a locally owned and operated wholesale automotive parts distributor, headquartered in Langhorne, PA, who have proudly served the professional installer since 1989 offering a selection of new and rebuilt parts. With 21 warehouses in the area and a fleet of more than 200 radio-dispatched delivery vehicles, AutoParts Warehouse is well stocked with quality parts and is able to provide quick delivery service throughout Eastern PA and NJ. Through its commitment to superior customer service, efficient operations and competitive pricing, the company has been able to become the dominant aftermarket parts provider in its service regions.

AutoParts Warehouse sells exclusively to professional installers. Its customer base includes independent garages, new and used car dealerships, fleet accounts and large national chains (Sears, Meineke, Firestone, PepBoys, Midas, Tires Plus, etc.) which typically make purchasing decisions on a store-by-store basis for non-stock items. AutoParts Warehouse has been able to grow its market share through aggressive pricing, marketing, service and inventory. Stephen Thorne, President of AutoParts Warehouse, advised that the company will retain ownership of its current location at 355 S. Flowers Mill Rd, Langhorne, PA, which facility consists of 48,232 SF on 11.92 acres and the companys executive offices will remain at the location as well as an import warehouse and the main warehouse and distribution will be operated out of the new Wheeler Way facility. The approx. 24,000+ SF to be vacated at S. Flowers Mill Rd will be marketed for lease."
http://www.omegare.com/

MWI Veterinary Supply Relocates to Elizabethtown

"MWI Veterinary Supply, Inc, a distributor of animal health products, signed a 10-year lease for 111,000 square feet at 1499 Zeager Road in Elizabethtown, PA.

The single-story industrial building totals 277,800 square feet in the Conewago Industrial Park. The property was built in 1991 and the property owner The Jay Group has made a number of recent upgrades.

MWI is relocating its regional distribution center from Harrisburg, PA to Elizabethtown and will be joining Butler Schein Animal Health, another distributor of animal health products, that moved into the building in January of this year."
http://www.omegare.com/

Tile Market of Delaware Signs 10-Year Lease

"Tile Market of Delaware, Inc., an importer, distributor and retailer of ceramic tile, marble, and granite, leased 55,960 square feet of retail/commercial space located at 405 East Marsh Lane in Wilmington, DE. The space will include a design center and retail showroom.

Located in the Newport Industrial Park, the 104,300-square-foot industrial facility sits on over five acres of land."
http://www.omegare.com/

Nihill & Riedley Moving to 1600 Market St.

"Accounting firm Nihill & Riedley, PC, has subleased the entire 32nd floor from a current law firm tenant at 1600 Market St. in Philadelphia. The firm will occupy slightly more than 22,600 square feet of office space.

The 39-story office tower measures more than 800,000 square feet. It was built in 1980 and renovated in the late 90's."
http://www.omegare.com/

Krispy Kreme store opening South Jersey

by Peter Van Allen

"At least 100 people lined up for the Krispy Kreme Doughnuts opening in Collingswood, N.J., on Tuesday.

The store, at 1170 Haddon Ave., is the third in the Philadelphia area for the North Carolina-based doughnut chain.

Diehard doughnut fans camped out Monday night waiting for the 6 a.m. opening, which promised prizes for the first customers, according to tweets posted throughout the morning. Collingswood Mayor James Maley cut the ribbon to officially open the store.

It was opened by the local franchise group, Dough Nuts for Doughnuts LLC, which is based in Haverford, Pa. Other area locations are at 7855 Oxford Ave., in Northeast Philadelphia (Fox Chase), and 41 S. 16th St., Center City.

A Bensalem, Pa., opening is planned for November. The franchise group hopes to open up to 21 stores in 13 area counties.

Read more at: http://tinyurl.com/3mkeybs

http://www.omegare.com/

Blatstein, Morris, Woodbury apartment projects funded

"$70 million raised for a string of Philadelphia projects in recent months:

- $21 million for Bart Blatstein's Tower Investments' Erbe apartment complex in Northern Liberties, through the Fannie Mae-backed Greystone lending group;

- $17 million for Federal Capital Partners and 806 Capital to convert the mostly vacant Robert Morris building, just north of Comcast Center, from offices into 111 "luxury apartments";

- $10 million for 806 Capital's further renovation of the former Northeastern Hospital as medical offices and labs for Temple University Health Services, on top of a previous investment of roughly the same size;

- $20 million for a bridge loan to help Media-based Capital Health Group build 228-unit Woodbury Mews as senior housing in Woodbury, NJ."
http://www.omegare.com/

Carpenter Tech looks to build $500M factory

by Mike Armstrong

"The Wyomissing maker of stainless steel and titanium alloys said it intends to build a 400,000-square-foot factory to meet demand from the aerospace and energy industries. The project is estimated to cost $500 million, but Carpenter would say only that "several 200+ acre greenfield sites" are under consideration.

We should find out soon where the company, which employs about 3,000 people, will locate the factory, because its plans call for it to be operational in 30 months."
http://www.omegare.com/