10/1/2007

Distributec sells two New Jersey industrial properties for $15.7 million

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800 Coopertown Rd.

2700 Burlington Ave.

Endurance Real Estate Group has purchased three industrial properties in Delanco, N.J., in two separate deals worth a total of $15.7 million.

Marc Isdaner of Colliers Lanard & Axilbund represented Endurance while William Goodwin of CB Richard Ellis represented the seller, New Jersey-based Distributec.

The first property contains two buildings located at 2700 Burlington Ave. They were built in 1972 on 48 acres and feature approximately 1,000 feet of water frontage on the Delaware River.

Endurance's second purchase was a 270,000 square foot warehouse/distribution facility located at 800 Coopertown Rd. It is situated on 23 acres and contains 13,000 square feet of office space.

Endurance is a Cynwyd, Pa.-based real estate development and management company.

Distributec is full service third party logistics provider.

Colliers Lanard & Axilbund is a Philadelphia-based commercial real estate provider.

Address: 2700 Burlington Ave. and 800 Coopertown Rd., Delanco, N.J.

Size: 579,000

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Filed Under: Industrial

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