An affiliate of Endurance Real Estate Group, LLC (“Endurance”) and PCCP, LLC (“PCCP”) is pleased to announce the disposition of 116 Gaither Drive, a 106,000 SF warehouse/distribution building located in Mount Laurel, New Jersey (“Property”). The JLL team of Dean Torosian, Nate Demetsky and Matt Kemery brokered the sale to an undisclosed buyer.
“This sale represents a successful execution of our investment strategy, which focuses on acquiring, repositioning, and ultimately realizing value in well-located, highly functional light industrial assets,” stated Benjamin Cohen, President of Endurance. “Having owned, operated and developed light industrial assets across southern New Jersey for many years, we knew the intrinsic value of this infill property, and are proud of what our team has accomplished alongside our partners and look forward to redeploying the capital into new opportunities that align with our long-term strategy,” added Cohen.
“The building was recently vacated by a long-standing tenant earlier this summer and its functionality and location were very appealing to this user buyer” stated Albert J. Corr, Senior Vice President/Principal of Endurance. Corr added, “We had solid interest from potential tenants to lease the building, but this buyer acted quickly to seize this unique opportunity.”
The building was built in 1982 and features 22’ clear ceiling heights, fully air-conditioned space, wet sprinkler systems and ample loading capacity with full dock packages. The Property is situated in the Burlington County, a submarket of the Philadelphia MSA industrial market, offering tenants immediate proximity to Route 73, Interstate 295 and the New Jersey Turnpike. The Property was available for lease when this buyer represented by Jon Klear of NAI Mertz approached Endurance and PCCP about a user sale. The Property 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 242 homes, 51% of which are low-to-moderate income households. This initiative eliminates 922 tons of carbon emissions annually, equivalent to removing 203 cars from the road or planting 1,144 acres of trees, further underscoring Endurance and PCCP’s commitment to sustainable development and community enrichment.
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, Endurance has acquired and developed approximately $1.8 billion of assets totaling 21 million square feet. Endurance currently owns and operates a 57 building portfolio totaling over 7.6 million square feet. They are currently entitling or developing over 1.4 million square feet of distribution buildings across several projects, varying in sizes from 185,000 square feet up to 777,700 square feet. Endurance has previously developed or entitled 21 buildings across 17 projects totaling 6.3MSF with a total capitalization of $475MM.
About PCCP
PCCP is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has approximately $27.9 billion in assets under management on behalf of institutional investors as of June 30, 2025. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 27-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 $45.3 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 www.pccpllc.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities.