1 Terri Lane in Burlington — Courtesy: Wolf Commercial Real Estate
By Joshua Burd
A developer has acquired nine acres inside a Burlington industrial park, seeking to tap into the surging demand for warehouse and logistics space in the region.
Wolf Commercial Real Estate, which brokered the transaction, announced Friday that Peter Singh has closed on its purchase of 1 Terri Lane from Hovbros Burlington LLC. The buyer is now seeking to capitalize on the site’s location within the Bromley Commons complex, which is directly between Interstate 295 and the New Jersey Turnpike.
WCRE Vice President Ryan Barikian represented both parties. The firm did not disclose the terms of the transaction or the size of the proposed industrial development.