CSG PARTNERS BEGINS CONSTRUCTION FOR 45,000-SQUARE-FOOT WAREHOUSE

FOLCROFT, PA. — White Marsh, Md.-based CSG Partners has begun construction for a 45,000-square-foot warehouse building located in Folcroft. Situated on 10 acres on Kaiser Drive within Folcroft West Business Park, the building will feature 24-foot clear ceiling heights, 16 dock doors, office space and approximately 60 surface parking spaces. Completion is scheduled for January 2009, and The Flynn Company will handle leasing of the property.
The new facility will be located adjacent to a 125,000-square-foot warehouse that was recently renovated by CSG. Formerly a manufacturing facility occupied by ConAgra Foods, the renovated building includes 22-foot clear ceiling heights, a truck court and 20 dock doors. It is currently 25 percent leased. CSG Partners is the real estate development and investment arm of a joint venture between The Creaney & Smith Group and the Global Merchant Bank Group of Prudential Real Estate Investors.