DRA Advisors Acquires Twinbridge Industrial Park In Pennsauken For $194.5M

Wharton Industrial and Walton Street Capital have completed the sale of Twinbridge Industrial Park, a 1.3-million-square-foot industrial portfolio in Pennsauken, New Jersey. The portfolio, consisting of 37 buildings, was sold for a total of $194.5 million. Located near Philadelphia, the industrial park offers strategic proximity to key markets.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $194,500,000
• Square Footage: 1,300,000 SF
• Price Per Square Foot: $150
• Address: 8500 Remington Avenue
• Market: Pennsauken

The sale was handled by CBRE representatives Brad Ruppel, Mike Hines, and Liam Fahey, as well as Colliers representatives Marc Isdaner and Ian Richman. The buyer, DRA Advisors, acquired the portfolio from Wharton Industrial and Walton Street Capital. The transaction underscores the demand and investor interest in the industrial sector in the Pennsauken market.