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Velocity Ventures Leases Pennsauken Warehouse for Top Pop Expansion

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PENNSAUKEN, NEW JERSEY, September 15 2021 – Colliers is pleased to announce the recent lease of 6901 N. Crescent Boulevard in Pennsauken to TopPop, a specialty packager of frozen  alcoholic beverages. The transaction was facilitated by Ian Richman and Marc Isdaner of Colliers who represented owner Velocity Venture Partners in the transaction. 

6901 N Crescent Boulevard is a 63,347 square foot free-standing warehouse with substantial office space that has undergone a full series of recent renovations in order to accommodate its new tenant. Notably, the space was filled just 79 days after Velocity  Venture’s acquisition of the property.

With this move, TopPop is tripling its Southern New Jersey footprint and expects to be operational by January of this year at the new facility to meet a reported projected jump in sales of over $30 million and demands of close to 120 million frozen pops in 2022.  Scott Mertz of NAI represented TopPop.

 

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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

About Velocity Venture Partners
Velocity Venture Partners is a leading developer of industrial real estate throughout New Jersey and Pennsylvania. The firm devotes its time exclusively to distribution, fulfillment and manufacturing style assets that are located close to densely populated suburban corridors and major transportation arteries. The team currently owns and operates over 5 million square feet of industrial space throughout the region - a portfolio comprising 200 tenants and 70 properties. Velocity was founded by Gloucester County-native Tony Grelli and Montgomery County-native Zach Moore. Learn more at www.velocityinv.com

 

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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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