Vantage Commercial said Feb. 17 that it completed an “industrial trifecta” of deals – all within a 1-mile radius of Route 130 – in Burlington County.
The firm’s Corinne Giletto, Mike Gries, Ken Richardson and Vince Ceroli represented both sides in all three transactions: four occupiers, two sellers and one landlord.
At 150 Industrial Highway in Cinnaminson, Giletto and Ceroli sourced an off-market deal for Egress Solutions and Cabinet Tree Design Services, who according to Vantage had been in pursuit of a new space for two years. Property owner A to Z General Contractors and Builders recognized the opportunity selling in the current market afforded, and Vantage said it was able to close the deal in under 45 days.
Giletto, Richardson and Gries are part of Vantage’s “Industrial Task Force,” focused on finding off-market opportunities in the current high-demand market.
Egress Solutions President Trae Lamborne said the firm was able to quickly narrow the company’s search to find the perfect property.
In Delran, Caner Transportation purchased 199 Carriage Lane. It will occupy the lot as an owner and user, Vantage said. The property, which held an impound lot license and variance for storage, went under contract in less than a day, with the transaction completed within 60 days.
Finally, Giletto and Gries secured leases at 1305 Industrial Highway, the former site of an after-market car parts company, for Pride Motor Sports and Midnight Motors. Both companies specialize in high-end vehicle customizations.d