500 Griffith Morgan Lane in Pennsauken — Courtesy: Colliers International
By Joshua Burd
An auto parts businesses has subleased more than 140,000 square feet of industrial space in Pennsauken, under a newly announced transaction by Colliers International.
The occupier, Maxon Auto Corp., is taking space at 500 Griffith Morgan Lane that is being vacated by a company known as Misfits Market. The latter is a fast-growing subscription box service that is preparing to move to a new build-to-suit facility in Delanco, the brokerage team said, prompting its search for a tenant to fulfill its existing lease requirement.
Colliers’ Ian Richman and Marc Isdaner represented the sublandlord in the 140,800-square-foot transaction. The firm noted that Maxon Auto is also growing quickly, having expanded from just 19,000 square feet elsewhere in Pennsauken to a substantially larger home at 500 Griffith Morgan.
The building features 24-foot clear ceiling heights, 29 loading docks and three drive-in doors.
