Industrial

NEW KINGSTOWN, PA. — Woodmont Industrial Partners has acquired a 179,000-square-foot warehouse at 34 E. Main St. in New Kingstown from Lexmain Realty Ventures. Built in 1981, the rail-serviced property includes 20 loading docks, 10 rail doors, a 24-foot clear ceiling height and 40 parking spaces. Woodmont plans to invest $500,000 for renovations before returning the currently vacant building to the market in early 2013. Gerard Blinebury, Pat McBride and Adam Campbell of Cushman & Wakefield represented both parties in the transaction.

LYNDHURST, N.J. — Seagis Property Group has acquired two multi-tenant warehouses totaling 270,000 square feet in Lyndhurst. The buildings, located at 165 and 205 Chubb Ave. in the Meadowlands Corporate Center, are in close proximity to Route 3, Route 21 and Interstate 80. The buildings are 91 percent leased.

LOGAN, N.J. — A partnership between Dermody Properties and Stonemont Financial Group are developing a 70,000-square-foot facility for lease to national organic food distributor Albert's Organics. Dermody is serving as the industrial developer and operating partner and Stonemont is serving as the financial partner. The facility, which will serve as a distribution center, will be located at LogistiCenter at Logan, located at 1155 Commerce Blvd. Construction is slated for completion in April 2013.