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Colliers Facilitates Sale/Leaseback of 1450 Taylors Lane to Northbridge Partners

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Global coatings company Actega will continue long term lease on site

CINNAMINSON, NJ  January 4, 2023 – Colliers is pleased to announce an entity affiliated with Northbridge Partners has acquired 1450 Taylors Lane in Cinnaminson, NJ in a sale/leaseback transaction brokered by Richard Gorodesky, SIOR.

The property is 100% long term leased to Actega North America, a wholly owned subsidiary of Altana (Europe).  Actega develops, produces and distributes water-based and energy curable specialty coatings, inks, adhesives and sealing compounds with a focus on the packaging, graphic arts and medical industries.  Its products offer high-value visual and functional appearances to paper, board, metal or plastic. Altana has production facilities in Europe, North and South America and China.

The building is 67,260 +/- square feet, is situated on 4 +/- acres and features 24’ clear height,  9 tailgate loading docks (expandable to 13), plus 3 concrete ramp drive-in doors.

Based in Wakefield, Massachusetts, Northbridge is a vertically integrated real estate firm with a focus on acquiring infill logistics assets of small to mid-sized industrial assets critical to the supply chain.   It has a targeted geographic footprint focused on densely populated major markets on the east coast.

The Seller, 1450 Taylors Associates LLC, was exclusively represented by Richard Gorodesky, SIOR, of Colliers, who was the sole broker in this transaction. 

 
For more information:

Richard Gorodesky, Senior Managing Director
+1 215 460 5857  richard.gorodesky@colliers.com

 

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About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

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Richard Gorodesky

Senior Managing Director | Philadelphia

Philadelphia

Richard joined Colliers in 1995 after originally starting in commercial real estate in 1988. He is primarily responsible for the firm's industrial brokerage activity in the City of Philadelphia, but also works with clients throughout the eight-county metropolitan region and throughout the United States.

Drawing on his extensive business experience as a former Chief Financial Officer and venture capitalist, Richard is well established in the Philadelphia business community. He has frequently been invited to present in front of the Philadelphia City Council, concerning the attraction and retention of industrial business in the city, and continues to maintain strong relationships with numerous public officials, including the Philadelphia Industrial Development Corporation, The Commerce Department and several past and current members of the Philadelphia City Council.

Clients of Richard frequently speak about his professionalism and experience in handling difficult properties and complex transactions.

Richard sold one of the largest industrial properties in the country: The BUDD Company's 2.7 million square foot complex on 75+/- acres. He has also sold the largest industrial land site in Philadelphia (138 acres), twice.

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