An affiliate of Endurance Real Estate Group, LLC (“Endurance”) and PCCP, LLC (“PCCP”) is pleased to announce the disposition of the Southern New Jersey Light Industrial Portfolio, a five building, 342,098 SF warehouse/distribution portfolio located in Delran and Swedesboro, New Jersey (“Portfolio”). The CBRE team of Michael Hines, Brad Ruppel, Joe Hill, Lauren Dawicki, Dan McGovern and Charlotte Sands brokered the sale to an undisclosed global private equity real estate firm.

 “We are excited to announce the successful sale of our 5-building portfolio in Delran and Swedesboro. I think this transaction is a testament to the dedication and collaboration of our team, particularly in light of the challenging circumstances surrounding the acquisition in April 2020, at the onset of the global pandemic. We believe this sale reaffirms our investment philosophy of buying well located functional light industrial across the Mid-Atlantic,” stated Benjamin Cohen, President of Endurance.

 The buildings were constructed in the 1970’s and 1980’s and feature Class B warehouse/distribution specifications including 22’ average clear ceiling heights, wet sprinkler systems and ample loading capacity with full dock packages. The portfolio is situated in the Burlington County and Pureland submarkets of the Philadelphia MSA industrial market, offering users immediate proximity to I-295 and the New Jersey Turnpike. The portfolio was 100% leased at closing. The Portfolio was selected by The New Jersey Board of Public Utilities to participate in the Community Solar Pilot Program, enabling Endurance to provide clean, renewable power to 147 homes, 51% of which are low to moderate-income households. This initiative contributes to eliminating 563 tons of carbon emissions annually, equivalent to removing 124 cars from the road or planting 699 acres of trees, further underscoring our commitment to sustainable development and community enrichment.

 “Within three weeks of acquiring the 81% leased portfolio, we executed a full building lease for 601 Delran.  This enabled us to focus on the balance of the leased portfolio as 70% of the existing tenants were scheduled to roll within the first three years of our hold period,” stated Albert J. Corr, Senior Vice President/Principal of Endurance. “We ended up completing twenty-one lease transactions during our ownership period, which was a combination of new deals, expansions, relocations and renewals,” added Corr.


About Endurance Real Estate Group

Endurance Real Estate Group, LLC (, 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. 

About PCCP

PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $22.5 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 25-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $38.1 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at

About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at

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