{"id":1004385002,"date":"2020-01-23T05:52:35","date_gmt":"2020-01-23T13:52:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004385002"},"modified":"2020-01-23T05:58:06","modified_gmt":"2020-01-23T13:58:06","slug":"black-creek-group-acquires-new-jersey-warehouse-for-32m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/black-creek-group-acquires-new-jersey-warehouse-for-32m\/","title":{"rendered":"Black Creek Group Acquires New Jersey Warehouse for $32M"},"content":{"rendered":"<div id=\"attachment_1004385014\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/2000-Bishops-Gate-Blvd-e1579785995299.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004385014\" data-attachment-id=\"1004385014\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/black-creek-group-acquires-new-jersey-warehouse-for-32m\/2000-bishops-gate-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/2000-Bishops-Gate-Blvd-e1579785995299.jpg\" data-orig-size=\"832,624\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2000 Bishops Gate Blvd\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Aerial view of 2000 Bishops Gate Blvd. Image courtesy of Endurance Real Estate Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/2000-Bishops-Gate-Blvd-e1579785995299.jpg?w=832\" class=\"wp-image-1004385014 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/2000-Bishops-Gate-Blvd-e1579785995299.jpg\" alt=\"2000 Bishops Gate Blvd. Image courtesy of Endurance Real Estate Group\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/2000-Bishops-Gate-Blvd-e1579785995299.jpg 832w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/2000-Bishops-Gate-Blvd-e1579785995299.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/2000-Bishops-Gate-Blvd-e1579785995299.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004385014\" class=\"wp-caption-text\">2000 Bishops Gate Blvd. <em>Image courtesy of Endurance Real Estate Group<\/em><\/p><\/div>\n<p>Endurance Real Estate Group and Thackeray Partners have sold 2000 Bishops Gate, a 292,466-square-foot, Class A industrial facility in Mount Laurel, N.J. Black Creek Group acquired the warehouse for $32.2 million. JLL represented the seller.<\/p>\n<p>The property is located on roughly 21 acres and is just off N.J. Route 38, which provides access to the N.J. Turnpike and Interstate 295.&nbsp;Built in 1988, the building features <span style=\"color: black;\">32-foot clear ceiling heights, an ESFR sprinkler system and 35 dock positions. <\/span><\/p>\n<p><span style=\"color: black;\">After acquiring the building in 2017, Endurance invested $5 million in capital improvements at the property. The company replaced the roof, installed LED lighting and added 10 dock doors. At<\/span><span style=\"color: #000000;\">&nbsp;the time of the sale, th<\/span><span style=\"color: black;\">e property was fully leased to two tenants.<\/span><\/p>\n<p>JLL\u2019s team included John Plower, Ryan Cottone, Zach Maguire, Dean Torosian and Nate Demetsky. Last year, Plower and Cottone also assisted the seller of&nbsp;a <a href=\"https:\/\/www.commercialsearch.com\/news\/pennsylvania-distribution-center-commands-43m\/\">456,810<strong>\u2013<\/strong>square-foot industrial asset<\/a> in Shiremanstown, Pa.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The former owners invested $5 million in capital improvements at the 292,466-square-foot property. <\/p>\n","protected":false},"author":868,"featured_media":1004385014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,10,1494],"tags":[38162,38596,32796,46265],"class_list":["post-1004385002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-northeast","category-philadelphia","tag-black-creek-group","tag-endurance-real-estate-group","tag-jll","tag-thackeray-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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