{"id":3918,"date":"2021-05-24T11:42:00","date_gmt":"2021-05-24T15:42:00","guid":{"rendered":"https:\/\/www.lee-associates.com\/pennsylvania\/?p=3918"},"modified":"2022-05-05T09:56:28","modified_gmt":"2022-05-05T13:56:28","slug":"lee-associates-of-eastern-pennsylvania-brokers-486812-square-foot-full-building-lease-to-lc-logistics-services-in-burlington-nj","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/easternpa\/2021\/05\/24\/lee-associates-of-eastern-pennsylvania-brokers-486812-square-foot-full-building-lease-to-lc-logistics-services-in-burlington-nj\/","title":{"rendered":"LEE & ASSOCIATES OF EASTERN PENNSYLVANIA BROKERS 486,812 SQUARE FOOT FULL-BUILDING LEASE TO LC LOGISTICS SERVICES IN BURLINGTON, NJ"},"content":{"rendered":"
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Canadian-based company offers freight delivery services throughout North America<\/em><\/p>\n

Plymouth Meeting, PA (May 20, 2021) \u2013 Lee & Associates of Eastern Pennsylvania has brokered a full-building lease with LC Logistics Services, Inc. for 486,812 square feet of space within 1950 River Road, a Class \u201cA\u201d industrial\/warehouse located in Burlington, New Jersey that will deliver later this year. Tony Rod, SIOR, Brian Knowles, SIOR, Patrick Lafferty II, each Principals with Lee & Associates of Eastern Pennsylvania, as well as Andrew Landolfi, Associate, represented the landlord, TA Realty, and Scott Mertz, SIOR, President of NAI Mertz Corporation represented the tenant in this transaction.<\/p>\n

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.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

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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\u2019 by 54\u2019 and the available office space can be built-to-suit to suit the requirements of the tenant.<\/p>\n

The building is located less than two miles from NJ 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.<\/p>\n

\u201cThis 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,\u201d explained Tony Rod of Lee & Associates. \u201cLC Logistics has now added a strategic Northeast corridor location to its supply chain and distribution network that can reach approximately 50% of the country\u2019s population within a one-day truck drive. TA Realty developed a best-in-class warehouse\/industrial building driven by continued consumer demand for next-day and same-day package delivery. Available space remains tight and end-users are not wasting any time making prompt leasing decisions for fear of getting shut out of their immediate and long-term requirement.\u201d<\/p>\n<\/div>\n<\/div><\/div><\/div>

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\"1950<\/p>\n

View CityBiz Article<\/a><\/p>\n

View Philadelphia Business Journal Article<\/a><\/p>\n

RE Business Online Article<\/a><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

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TA Realty is among the largest and most experienced providers of real estate investment management services to U.S. and non-U.S. institutional investors. Since its inception in 1982, TA Realty has managed more than $30 billion of real estate assets through core, core-plus, and value-add strategies and customized separate\/advisory accounts. TA Realty\u2019s investment philosophy focuses on creating diversified real estate portfolios that aim to generate strong cash flow, receive intensive asset management and seek to achieve long-term value creation. Visit www.tarealty.com<\/a><\/p>\n

Lee & Associates of Eastern Pennsylvania is an affiliate of Lee & Associates, the largest broker-owned firm in North America with offices internationally.<\/p>\n

##<\/p>\n

About Lee & Associates of Eastern Pennsylvania
\nLEE & ASSOCIATES OF EASTERN PENNSYLVANIA, LLC (LAEP) was founded in 2015 under the leadership of Principals Brian Knowles, CCIM, SIOR, and John Van Buskirk, SIOR, and has since grown to a 31-person enterprise with 16 Principals, and offices located in suburban Philadelphia and Central PA. Licensed in five states, LAEP offers clients a full-service experience, with robust agency leasing, tenant representation, capital markets and property management capabilities throughout Pennsylvania, New Jersey, and Maryland. From the beginning, LAEP has committed to providing its clients and brokers with market-leading research and transaction support. For the latest news from Lee & Associates of Eastern Pennsylvania, follow us on LinkedIn<\/a>, Twitter,<\/a> Instagram<\/a>, Facebook,<\/a> and YouTube<\/a> or visit us on the web at https:\/\/www.lee-associates.com\/pennsylvania<\/a><\/p>\n

About Lee & Associates
\nLee & Associates offers an array of real estate services tailored to meet the needs of the company\u2019s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com<\/a>\u00a0or follow us on\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a>,\u00a0Twitter<\/a>\u00a0and\u00a0Link<\/a>, our company blog.<\/p>\n

# # #<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

Canadian-based company offers freight delivery services throughout North America Plymouth Meeting, PA (May 20, 2021) \u2013 Lee & Associates of Eastern Pennsylvania has brokered a full-building lease with LC Logistics Services, Inc. for 486,812 square feet of space within 1950 River Road, a Class \u201cA\u201d industrial\/warehouse located in Burlington, New Jersey that will deliver later this year. Tony Rod, SIOR, Brian Knowles, SIOR, Patrick Lafferty II, each Principals with Lee & Associates of Eastern Pennsylvania,…<\/p>\n","protected":false},"author":24,"featured_media":4400,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1169],"tags":[1139,1141,1054,1142,29,43,12,99,16,17,1091,1050,46,1140,23,1109],"class_list":["post-3918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transactions","tag-1950-river-road","tag-brian-knowles","tag-brokerage","tag-ccim","tag-commercial-real-estate","tag-cre","tag-industrial","tag-leased","tag-lee-associates","tag-lee-associates-of-eastern-pennsylvania","tag-new-jersey","tag-patrick-lafferty-ii","tag-pennsylvania","tag-pre-leased","tag-sior","tag-tony-rod"],"yoast_head":"\nLEE & ASSOCIATES OF EASTERN PENNSYLVANIA BROKERS 486,812 SQUARE FOOT FULL-BUILDING LEASE TO LC LOGISTICS SERVICES IN 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