Brighton Best International will occupy a new built-to-suit, 190,000-square-foot distribution facility at 200 Crossroads Blvd. in Logan Township, similar to a facility at 501 Crossroads Blvd. (pictured) at Logan North Industrial Park. — Image by Joe Polillio, Aerojo Drone Productions
By Joshua Burd
A global distributor is coming to a Logan Township industrial campus, where it will occupy a built-to-suit, 190,000-square-foot facility on land it acquired from the park’s developers.
The firm, Brighton Best International, paid $23.5 million for the site at 200 Crossroads Blvd. as part of a deal announced Monday by Greek Real Estate Partners, Advance Realty Investors and Torchlight Investors. The facility at Logan North Industrial Park will soon be among more than 30 locations for BBI — which distributes fasteners, anchoring systems, construction products, safety supplies and professional-grade tools across a network that spans six countries — allowing the Long Beach, California-based company to strengthen its East Coast operations.
JLL represented ownership in the sale. Greek Design | Build, an affiliate of GREP, will oversee the ground-up construction and custom interior fit-out for the project just north of Interstate 295.
“Brighton Best is a globally recognized distributor, and their decision to invest here speaks to the long-term strength of Logan North and the southern New Jersey market,” said Alex Motiuk, director of acquisitions at Greek Real Estate Partners. “After evaluating multiple locations in the region, they ultimately chose Logan Township for its infrastructure, accessibility and long-term growth potential. We are proud to deliver a customized facility that supports their continued expansion.”
Located along Route 322, Logan North Industrial Park provides users with access to both the Philadelphia and New York markets, according to a news release. The site is roughly 14 miles from the Philadelphia International Airport and less than 20 miles from the Port of Philadelphia and Port of Wilmington, part of a master-planned 3.2 million-square-foot campus that has attracted national and international tenants and still has development opportunities at 301 and 501 Crossroads Blvd.
JLL’s Nate Demetsky, Dean Torosian and Matt Kemery lead the leasing campaign and represent ownership in current availabilities. GREP, meantime, said the project underscores its vertically integrated development platform in which it manages every phase from land disposition and entitlement through construction and delivery.
“BBI’s decision to select this location and our development team to construct a best-in-class asset further underscores the investment grade nature of this location at Logan North Industrial Park,” said Alexander Cocoziello, principal and chief investment officer at Advance Realty Investors. “Our team looks forward to executing this project on behalf of our partnership with Torchlight as we continue to advance our business plan.”
Founded in 1925, BBI has grown from a regional fastener supplier into a sprawling enterprise supplying more than 7,000 distributors worldwide, according to a news release. The company has grown through strategic acquisitions and international expansion and continues to expand its U.S. footprint through investments in modern distribution facilities.
“Logan Township’s strategic location and the strength of our development partners made this the ideal solution for our continued growth,” said Peggy Hsieh, BBI’s chief operating officer. “This new property will allow us to enhance distribution efficiencies, expand inventory capacity and better serve our customers across the region.”
