Bellmawr, New Jersey - May 1, 2015
Colliers International recently concluded the sale of two industrial/flex buildings at Korman’s Interstate Business Park in Bellmawr, NJ to one buyer - Bellmawr Industrial and Technology Center, LLC. According to Marc Isdaner, Senior Vice President and Principal of the Colliers Southern New Jersey division, the buildings sold for $2,700,000. Isdaner represented the seller - Korman Commercial Properties. The buildings are located at 420 and 440 Benigno Boulevard and total over 96,000 SF.
The two building site, commonly called Kor-Center, is a multi-tenant industrial/flex complex with a portion of two-story office units. The largest tenant is Show-n-Tell Media, who is affiliated with the buyer. Other tenants include Dade Paper, Spectrum Show Services, JDJ Construction and many DOT contractors who are working on the construction of the highway at I-295 and Route 42.
This represents the eleventh building sold in the park by Isdaner in the past 24 months. Only three of Korman’s buildings remain for sale: 32,000 SF, 45,000 SF and 131,000 SF buildings. These are offered at affordable rates with flexible floor plans ideal for light industrial, manufacturing or distribution.
Korman’s Interstate Business Park is centrally located at the hub of the Northeast Corridor, at Route 42 and I-295 (Exit 3) of the NJ Turnpike in Camden County, Bellmawr, NJ. On site amenities include a 300,000 SF United States Postal Service Bulk Mail distribution facility.