An affiliate of Cabot Properties and Endurance Real Estate Group, LLC (“Endurance”) is pleased to announce the completion of building construction and execution of a 60,435 SF long term lease with Valken Inc. (“Valken”) at 135 High Hill Road, located in Woolwich, NJ (the “Property”). Valken is a leading manufacturer and distributor of paintball, airsoft and defense protection across the United States and Europe. The Cushman & Wakefield team of John Gartland, Jonas Skovdal & Chris Butera represented Endurance & Cabot in this transaction. Harry McKenna from Jackson Cross Partners represented Valken.
“Our decision to develop this project on a speculative basis proved to be the catalyst in leasing the building shortly after completion. Demand for newly constructed Class A product remains strong throughout the Southern New Jersey market.” stated Albert J. Corr, Senior Vice President of Endurance.
135 High Hill is a newly constructed 60,435 SF modern bulk warehouse/distribution facility which features 32’ clear heights, LED lighting and ESFR sprinkler systems, fifteen (15) fully equipped door positions including 35,000lb mechanical levelers, bumpers and seals, one (1) 14’ x 16’ drive-in door, 49 car parking spaces. The Property’s desired location right off exit 2 of the New Jersey Turnpike and proximity to I-295, allows easy access to the Greater Philadelphia and Greater New York metropolitan areas. This places over one third of the total US population within a day drive from the Property.
About Endurance Real Estate Group
Endurance Real Estate Group, LLC (www.endurance-re.com), formed in 2002, is a Radnor, Pennsylvania-based real estate owner/developer focused on income and value add industrial opportunities located in the Mid-Atlantic region. Since its formation, the company has acquired $1.4 billion of assets totaling 21 million SF and sold 11.8 million SF with a combined value of $1 billion. Endurance currently owns and operates a portfolio totaling over 6.7 million square feet. Endurance is currently developing over 1.2 million square feet of distribution buildings in several projects in varying building sizes from 234,800 SF up to 1,006,500 as well as entitling several other projects totaling roughly 1 million square feet.