JCP’s Nick Adams Helps Local Companies Navigate in a Challenging Real Estate Market
Jackson Cross Partners (JCP) recently completed more than $4M in purchase transaction and long-term lease deal in the greater Philadelphia area.
Nick Adams, JCP Broker, recently assisted Williams Form Engineering Corporation (WFE) in a $2.5M purchase deal on a 30,000 SF build-to-suit project on 3 acres at the Iron Bridge Business Park in Collegeville, PA. According to Adams, “WFE’s space requirements were very specific – they needed a 60 foot-wide clear span production facility wine cranes to help maneuver large metal forming products within a ten-mile radius of the company’s current facility.” Adam’s search led to the Business Park, which is owned and developed by Gorski Engineering. The project is slated for completion in January 2013.
In addition, Adams handled Cosentino North Americas’ site selection and lease negotiation on a 32,000 SF showroom and distribution facility at 121 Greentree Rd. in Phoenexville, PA. “The Greentree facility will attract designers, contractors, and consumers who want to be able to see, touch, and interact with our Silestone™ natural quartz and other stone products,” said Armin Deutsch of Cosentino. The company plans to hold a grand opening in February of 2013. They are the world’s largest manufacturer of natural quartz surfaces, including countertops, cladding and other manufactured products.
Kenco Hydraulics Inc.’s owner Ken Veit opted to utilize Adam’s hefty expertise in the location, negotiation, and purchase of a new facility to house Kenco’s growing operation under one roof. “The new building is a short distance from our current location, meets the specifications I was looking for, and has the ability to expand with us as we grow,” said Veit. Many initial site options fell short of Veit’s requirements, so the successful purchase of the new facility at 2280 Amber Drive in Hatfield, PA was a positive move for the company’s expansion. The deal was finalized at $1.55M or $38.63 per SF.