{"id":1004671917,"date":"2023-07-12T03:45:24","date_gmt":"2023-07-12T11:45:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004671917"},"modified":"2023-07-12T06:05:40","modified_gmt":"2023-07-12T14:05:40","slug":"crow-holdings-sansone-group-inks-252-ksf-philly-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/","title":{"rendered":"Sansone Group, Crow Holdings Ink 252 KSF Philly Lease"},"content":{"rendered":"<div id=\"attachment_1004671922\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004671922\" data-attachment-id=\"1004671922\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/tac-pal-logistics-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg\" data-orig-size=\"452,339\" 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=\"tac-pal logistics center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Tac-Pal Logistics Center. Image courtesy of Avison Young&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg?w=452\" class=\"wp-image-1004671922 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg?w=300\" alt=\"Tac-Pal Logistics Center.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg 452w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004671922\" class=\"wp-caption-text\">Tac-Pal Logistics Center. <em>Image courtesy of Avison Young<\/em><\/p><\/div>\n<p><strong>Sansone Group<\/strong>, together with a fund advised by <strong>Crow Holdings Capital<\/strong>, has signed a 252,000-square-foot lease with <strong>YesWay Logistics<\/strong> at Tac-Pal Logistics Center, an infill industrial building in Palmyra, N.J. <strong>Avison Young<\/strong> negotiated on behalf of the landlord, while <strong>Cushman &amp; Wakefield<\/strong> worked on behalf of the tenant.<\/p>\n<p>Sansone developed the facility and completed it last month. Its construction was financed with a $83.2 million loan, originated in 2022 by <strong>Goldman Sachs<\/strong>, according to CommercialEdge data. According to the owner, this is the largest infill development in Southern New Jersey.<\/p>\n<p>Tac-Pal Logistics Center is a 702,450-square-foot building comprising 450,000 square feet of leasable space that is divisible to roughly 250,000 square feet. It has 40-foot clear heights, ESFR sprinkler systems, LED lighting, 107 loading docks, four grade level doors, a truck court, 438 vehicle parking spots and 255 trailer parking spots.<\/p>\n<p>According to CommercialEdge, Sansone also has a potential development adjacent to this property, totaling 1 million square feet, which is currently in the planning and permitting stages.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-leasing-trends-for-2023\/\">Industrial Leasing Trends for 2023<\/a><\/p>\n<hr \/>\n<p>Situated on 55 acres at 201 S. State Route 73, within a Federal Opportunity Zone, the property provides easy access to interstates 95, 295 and to New Jersey Turnpike. It is 7 miles from The Port of Philadelphia, 12 miles from downtown Philadelphia, 21 miles from Philadelphia International Airport and within 27 miles of Trenton, N.J.<\/p>\n<p>Avison Young\u2019s team of Principals Matthew Marshall and Jim Scott, Associate Jack Owens, together with co-listing broker Executive Vice Chairman Chuck Fern of Cushman &amp; Wakefield, negotiated on behalf of the landlord. The tenant was represented by Cushman &amp; Wakefield\u2019s Executive Vice President Jason Barton.<\/p>\n<h2>Recent Philly industrial projects<\/h2>\n<p>Philadelphia maintains its position as one of the most active markets for industrial development in the Northeast. As of May, it had 18.4 million square feet underway, representing 4.4 percent of existing stock, according to a <a href=\"https:\/\/www.commercialedge.com\/blog\/national-industrial-report\/\">CommercialEdge report<\/a>.<\/p>\n<p>Multiple industrial projects have been announced since the beginning of 2023. In June, <a href=\"https:\/\/www.commercialsearch.com\/news\/first-industrial-starts-61m-philadelphia-area-project\/\">First Industrial Realty broke ground<\/a> on a 358,000-square-foot project situated within First State Crossing, a 425-acre master-planned development in Claymont, Del. Completion is expected in early 2024.<\/p>\n<p>In January, D2 Organization announced its plans for <a href=\"https:\/\/www.commercialsearch.com\/news\/d2-organization-to-build-3-philadelphia-warehouses\/\">three Class A warehouses<\/a> that will bring 586,000 square feet in Carneys Point, N.J. The buildings will rise at the former Salem Business Center site.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This recently completed distribution center totals more than 700,000 square feet.<\/p>\n","protected":false},"author":2991,"featured_media":1004671922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,11,21742,1494],"tags":[33022,37358,32799],"class_list":["post-1004671917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-midatlantic","category-latest","category-philadelphia","tag-avison-young","tag-crow-holdings","tag-cushman-wakefield"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sansone Group, Crow Holdings Ink 252 KSF Philly Lease - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Sansone Group signed a 252,000-square-foot lease at a recently delivered industrial project in Palmyra, N.J.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sansone Group, Crow Holdings Ink 252 KSF Philly Lease\" \/>\n<meta property=\"og:description\" content=\"Sansone Group signed a 252,000-square-foot lease at a recently delivered industrial project in Palmyra, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-12T11:45:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-12T14:05:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"452\" \/>\n\t<meta property=\"og:image:height\" content=\"339\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/\",\"name\":\"Sansone Group, Crow Holdings Ink 252 KSF Philly Lease - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg\",\"datePublished\":\"2023-07-12T11:45:24+00:00\",\"dateModified\":\"2023-07-12T14:05:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Sansone Group signed a 252,000-square-foot lease at a recently delivered industrial project in Palmyra, N.J.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg\",\"width\":452,\"height\":339,\"caption\":\"Tac-Pal Logistics Center. Image courtesy of Avison Young\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sansone Group, Crow Holdings Ink 252 KSF Philly Lease\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sansone Group, Crow Holdings Ink 252 KSF Philly Lease - Commercial Property Executive","description":"Sansone Group signed a 252,000-square-foot lease at a recently delivered industrial project in Palmyra, N.J.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/","og_locale":"en_US","og_type":"article","og_title":"Sansone Group, Crow Holdings Ink 252 KSF Philly Lease","og_description":"Sansone Group signed a 252,000-square-foot lease at a recently delivered industrial project in Palmyra, N.J.","og_url":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-07-12T11:45:24+00:00","article_modified_time":"2023-07-12T14:05:40+00:00","og_image":[{"width":452,"height":339,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg","type":"image\/jpeg"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/","url":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/","name":"Sansone Group, Crow Holdings Ink 252 KSF Philly Lease - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg","datePublished":"2023-07-12T11:45:24+00:00","dateModified":"2023-07-12T14:05:40+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"Sansone Group signed a 252,000-square-foot lease at a recently delivered industrial project in Palmyra, N.J.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg","width":452,"height":339,"caption":"Tac-Pal Logistics Center. Image courtesy of Avison Young"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-sansone-group-inks-252-ksf-philly-lease\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Sansone Group, Crow Holdings Ink 252 KSF Philly Lease"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/tac-pal-logistics-center-e1689155037601.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004671917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004671917"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004671917\/revisions"}],"predecessor-version":[{"id":1004671980,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004671917\/revisions\/1004671980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004671922"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004671917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004671917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004671917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}