- Oct 2 2019
- 3 min
CBRE Arranges 133,464-SF Industrial Lease For Boxzooka At 300 Capital Lane In Middletown, PA
In a transaction arranged by CBRE, Boxzooka Fulfillment & Global Ecommerce, a global fulfillment company, has inked a 133,464 sq.ft. industrial lease at 300 Capital Lane in Middletown, Pennsylvania. The newly constructed Class A industrial property, which was a new construction warehouse, is part of a 1.5-million sq. ft. logistics center owned and operated by Colony Industrial. The property is ideally located in close proximity to both the entire Northeastern United States and Canada, within a one-day truck drive.
The CBRE team of William Waxman, Kevin Dudley and Nicholas D. Klacik represented Boxzooka in the lease negotiations.
“Boxzooka had very specific space requirements to expand its fulfillment and distribution operations, including a geographic location in close proximity to its U.S. and Canadian client base,” said Klacik. “The recently developed facility in Middletown fit the bill perfectly as it allows our client to reach its clients quicker and more efficiently.”
Brendan Heegan of Boxzooka continued, “Pennsylvania is the perfect geographic location for our expansion plans. Its close proximity to major FedEx and UPS truck hubs and to a large part of the U.S. and Canadian populations, where 30 percent and 50 percent of the respective countries’ residents can be reached within just a one-day truck drive, made the property ideal for our requirements.”
Boxzooka took occupancy of the building in May and is now fully operational. In addition to Boxzooka’s long-term commitment for 133,464 sq. ft. of space, the New Jersey-based company will have access to additional warehousing space within Colony Industrial’s complex in Middletown and around the country for the company’s planned further expansions.
Boxzooka’s forward-thinking and technologically advanced fulfillment platform has enabled the company to quickly expand its client base, which include many of the world’s top brands.
“We are very excited to be working with Boxzooka as they continue to successfully grow their operations,”noted Aaron Reynolds, Vice President, Colony Industrial. “The space at 300 Capital Lane will not only increase Boxzooka’s distribution network capacity,but also bring more jobs to the region.Boxzooka is another example of the strong demand by our customers for high quality, well-positioned distribution properties located close to major transportation hubs, to satisfy their delivery requirements.”
About CBRE Group, Inc.
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 www.cbre.com.
Boxzooka is an expert in ecommerce order fulfillment, retail b2b distribution and cross-border ecommerce solutions, providing opportunities for retailers of any size to grow their business, domestically and internationally. Whether you’re shipping 10 orders per day, or 10,000 daily, we can accommodate your needs and further scale with you as your business grows. We pride ourselves on being flexible and nimble with a white glove customer experience. We are the most reliable and technologically advanced order fulfillment and global selling partner for ecommerce retailers, wholesalers and subscription boxes. Learn more here: www.boxzooka.com.
About Colony Industrial
Headquartered in Dallas, TX, Colony Industrial is the industrial platform of Colony Capital, Inc. As of June 30, 2019, the platform owned and operated approximately 56 million square feet of warehouse buildings in 26 major markets across the United States. Its diversified tenant base includes major national B2B, B2C, wholesale and consumer businesses. For more information, visit www.clny.com/industrial.
Article written by Philadelphia City Biz List.