Lee & Associates of Eastern Pennsylvania said May 24 it brokered a full-building lease with LC Logistics Services Inc. for 486,812 square feet of space within 1950 River Road, a Class-A industrial/warehouse property located in Burlington that was delivered late last year.
Principals Tony Rod, Brian Knowles and Patrick Lafferty II, along with Associate Andrew Landolfi, represented the landlord, TA Realty, and NAI Mertz Corp. President Scott Mertz represented the tenant in this transaction.
Headquartered in Brampton, Ontario, LC Logistics provides freight delivery services throughout North America and presently operations locations in California, Georgia and North Carolina. The company provides total transportation solutions to companies needing the movement of goods, storage and warehousing, and supply chain services.
Situated on just over 43 acres of land, 1950 River Road is equipped with 36-foot ceiling heights, 86 external loading docks, two grade level doors, and a parking area that accommodate 264 cars and 103 trailers. Constructed with reinforced concrete flooring, the column spacing of the layout is 54-foot by 54-foot and the available office space can be built-to-suit to suit the requirements of the tenant.
The building is located less than 2 miles from N.J. Route 130, which leads to a full interchange of the New Jersey Turnpike (Exit 6) and Interstate 295, providing both north-south and east-west access throughout the Philadelphia metropolitan region and New Jersey, as well as New York and Baltimore. Philadelphia and the Port of Philadelphia is less than 30 miles from the site, the Ports of Wilmington and Elizabeth are approximately 60 miles away and New York City can be reached in 70 miles. Four United Parcel Service and FedEx facilities in New Jersey and Philadelphia are situated within a half-hour drive from the building.
“This location and access allow 1950 River Road to act as both a last mile location for the Philadelphia metropolitan area, as well as a regional distribution facility for the entire Northeast Corridor,” explained Rod.