Unknown Institutional Investor Acquires 189498 SF Property At 9130 Griffith Morgan Ln In Pennsauken With Buyer's Reps Marc Isdaner And Ian Richman Of Colliers International

The property asset involved in the transaction is located at 9130 Griffith Morgan Ln, Pennsauken. It features a total square footage of 189,498 and was originally built in 1980 and subsequently renovated in 2020. The building boasts 24-foot ceiling heights, 18 loading positions, and one drive-in door, with knockout panels allowing for the addition of up to 10 loading doors as part of planned capital improvements. Recent renovations have also introduced a new roof, solar panels, and air conditioning. It is fully occupied and situated near major transportation routes for easy access to Philadelphia.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: Not disclosed
• Address: 9130 Griffith Morgan Ln, Pennsauken
• Buyer: Unknown Institutional Investor
• Seller: Undisclosed
• Buyer's Representative: Marc Isdaner & Ian Richman - Colliers International
• Year Built: 1980
• Year Renovated: 2020
• Square Footage: 189,498
• Location: Camden County

The deal involves Wharton Industrial, a platform of Wharton Equity Partners, which acquired the property alongside an institutional partner. The specifics of the transaction were managed by Colliers' representatives, Marc Isdaner and Ian Richman. This acquisition is part of Wharton Industrial's strategy to build a portfolio of infill warehouses in southern New Jersey.