Velocity Ventures Continues Acquisitions at Fast Clip in 2020
January 31, 2020 [Pennsauken, NJ] – Ian Richman and Marc Isdaner of Colliers International’s Mount Laurel office have represented The Bloom Organization in the sale of 2301 Haddonfield Road in Pennsauken, a 37,856 sf net-leased warehouse facility to an affiliate of Velocity Ventures.
The building is tenanted by Maple Direct Printing, which is a full-service direct mail printing and distribution company. A long-term lease was in place at the time of closing.
With this transaction, Colliers continues its successful track record of sales in Pennsauken. Notably, it is also the eighth building Velocity Ventures has purchased through Colliers in the Pennsauken market over the last 12 months.
For further information, contact:
Ian Richman, Senior Managing Director +1 856 414 1257 | Ian.Richman@colliers.com
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.
About Velocity Ventures
Velocity is a Philadelphia-based developer of industrial and flex properties. The firm was founded in 2017 by Tony Grelli & Zach Moore and currently owns and manages close to two million square feet of industrial real estate in Southern New Jersey and Southeastern Pennsylvania. Velocity raises acquisition capital from high net worth investors and family offices throughout the United States. For more information or to contact the team, please visit www.velocityinv.com.