Velocity Venture Partners has acquired a 560,000-square-foot industrial building in Pennsauken for $32 million, in the latest addition to its fast-growing portfolio in the township.
Redevelopment trends: New York tristate’s redevelopment in turmoil
Redevelopment activity in the New York Tristate Region is searching for direction. Post-pandemic, there is pressure to redefine business, retail and residential redevelopment programs. The revised target forces everyone to take a longer look and a broader view of the various impacts this redefinition may bring.