By Tina Traster
Lee & Associates of Eastern Pennsylvania has negotiated the sale of a 1.56-acre industrial outdoor storage parcel in Logan Township.
Patrick Lafferty II, a principal with the brokerage firm, represented seller Missa Bay LLC in the $1.17 million trade at 2337 Center Square Road, part of the Pureland Industrial Park. Criterion Group purchased the property and tapped Lee & Associates of Eastern Pennsylvania to handle leasing activities for the site.
In announcing the deal, the broker said outdoor storage has emerged as a much-requested requirement among logistics companies that need space to stage or provide short-term storage for products prior to shipping them to the next destination. The Logan site, which contains a small storage facility, can accommodate 30 to 40 tractor trailers as well as support various storage space configurations, with a location less than two miles from Interstate 295 and less than 10 miles from Philadelphia.
“We have already fielded strong interest among various end users for this site because this asset is in high demand and short in supply,” Lafferty said. “In many cases shipping containers or vehicles arrive on overseas vessels need of a short-term layover situation while awaiting transport to a final destination. Small sites such as this typically emerge as the most viable solution.”
