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Colliers Facilitates Sale of 71K SF Warehouse in Pennsauken

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PENNSAUKEN, NEW JERSEY, August 30, 2021 – Colliers is pleased to announce the recent sale of 6950 Sherman Lane in Pennsauken.  The transaction was facilitated by Ian Richman and Marc Isdaner, who represented the Buyer in the sale.

The Buyer, BakeDeco/Kerekes, a distributor of restaurant supplies and equipment based in Brooklyn, New York, will occupy building, which is 71,280 sf with 4,558 sf of office space, 24' clear ceilings and 9 loading docks.  “This is a terrific building for our client and affords them the opportuity to accommodate their growth.  We are in the midst of an unprecendented imbalance of supply and demand and to find an asset like this in this environment, we are thrilled with the outcome for BakeDeco” says Ian Richman.

The building was formerly occupied by Boomerang Office Furniture. The Seller was represented by Marc Policarpo of Westfield Real Estate.


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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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Ian Richman

Senior Managing Director | Southern New Jersey

Mount Laurel

Ian joined Colliers International’s industrial division in 2006. He specializes in the leasing and sale/acquisition of commercial and industrial properties in Southern New Jersey. He is especially adept at developing acquisition strategies and assisting with debt placement options for buyers that require financing. Ian has much success in the sale of industrial properties by utilizing his background in finance to assist buyers in finding and then financing an acquisition.

Prior to joining Colliers, Ian worked in Commerce Bank’s Commercial Lending  Division where he was responsible for performing financial analysis for the  bank’s commercial loan portfolio.
 

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Marc Isdaner

Senior Managing Director

Mount Laurel

Marc specializes in the leasing and sale/acquisition of commercial and industrial properties in Southern New Jersey, including landlord and tenant representation. Marc manages the Colliers Mount Laurel office and is a partner of the firm. 

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