“Lucky 7” Pennsauken Purchase Facilitated by Colliers

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Velocity Ventures Making Acquisitions at Fast Clip in 2019

November 18, 2019 [Pennsauken, NJ]Ian Richman and Marc Isdaner of Colliers International’s Mount Laurel office have represented Velocity Ventures in the acquisition of 6970 Central Highway in Pennsauken, a 28,000 sf net leased warehouse facility.

The building is tenanted by Rosenberger, a multinational manufacturing firm headquartered in Germany specializing in high-frequency and fiber-optic technologies. The Pennsauken location provides custom machining products such as microwave parts, custom chassis, conductive gaskets, antenna elements and glass to metal sealing.
With this transaction, Colliers continues its successful track record of sales in Pennsauken, and the 24th completed sale of the team in the past 18 months in Camden County, New Jersey. Notably, it is also the seventh building Velocity Ventures has purchased through Colliers in the Pennsauken market this year. 

For further information, contact:  
Ian Richman, Senior Managing Director  +1 856 414 1257 | Ian.Richman@colliers.com
 

 

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About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
 
Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn

 

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Ian Richman

Senior Managing Director | Southern New Jersey

Mount Laurel

Ian joined Colliers‘s industrial division in 2006. He specializes in the leasing and sale/acquisition of commercial and industrial properties in Southern New Jersey. He is especially adept at developing acquisition strategies and assisting with debt placement options for buyers that require financing. Ian has had much success in the sale of industrial properties by utilizing his background in finance to assist buyers in finding and then financing an acquisition. 

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Marc Isdaner

Senior Managing Director

Mount Laurel

Marc specializes in the leasing and sale/acquisition of commercial and industrial properties in Southern New Jersey, which includes landlord and tenant representation. Marc manages the Colliers Mount Laurel office and is a partner of the firm. 

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