Mid Atlantic Trade Center
Mid Atlantic Trade Center
Cushman & Wakefield Equity, Debt & Structured Finance is pleased to offer a joint venture equity and construction financing opportunity for the acquisition and development of Mid Atlantic Trade Center. Ownership will entertain a variety of deal structures including but not limited to; joint ventures and pre-sale forward commitments. Mid Atlantic Trade Center a ±567,000 square foot speculative industrial development opportunity is situated on ±52 acres along the I-95 Corridor.
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Gerry Blinebury joined C&W in 2001 and currently serves as a Senior Director of the Industrial Brokerage Group, specializing in the Lehigh Valley, South Central PA, and North-eastern PA industrial markets, the entire I-81, I-78, I-83 & I-80 distribution corridors. Mr. Blinebury has a broad range of experience working with institutional quality owners and corporate users including agency leasing, building sales, land sales, tenant/ buyer representation and the marketing of investment grade industrial buildings and industrial parks to the capital market investment community.
Mr. Blinebury is a co-founder of Cushman & Wakefield’s Food Services Group and an active member and participant of C&W’s Global Supply Chain Solutions Group. He is consistently one of the top 10 producers for Cushman & Wakefield’s Pennsylvania, Delaware and Southern New Jersey regions. Mr. Blinebury is a graduate of the Pennsylvania State University where he obtained his Bachelor of Science degree in both finance and real estate.
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- Deal Type
- Risk Profile
Cushman & Wakefield Equity, Debt & Structured Finance has been exclusively retained by CA Venture Partners (the “Sponsor”) to arrange joint venture equity and construction financing for the acquisition and development of Mid Atlantic Trade Center (the “Property” or “Project.”) Ownership will entertain a variety of deal structures including but not limited to; joint ventures and pre-sale forward commitments. Mid Atlantic Trade Center a ±567,000 square foot speculative industrial development opportunity is situated on ±52 acres along the I-95 Corridor. The property’s strategic location is evidenced by neighbors such as FedEx Ground, Amazon, Dart Container and Clarios.
This stretch of Interstate 95 benefits from the surging market fundamentals to the north in Southeastern Pennsylvania and Southern New Jersey as well as the population growth seen within New Castle County. The Project’s estimated development budget is $98 million (including land) and is anticipated to close in August 2022, with construction projected to commence Q4 2022 allowing for a 2023 building delivery.
Cushman & Wakefield of Pennsylvania, LLC is exclusively representing CA Ventures.
Ownership has not established definitive requirements, but is a market-oriented partner with expectations that are consistent with the quality of the asset and current market conditions.
All offers should include:
- Joint venture terms and/or purchase price (including details on land allocation, fees, governance, capital contributions, and promote structure)
- Timing for inspection period and closing data
- Specific detail regarding contemplated financing components
- Financial strength of partner
- Summary of transactions and references
Any Partner which is represented by a broker is responsible to compensate the broker.
All communications, inquiries and requests should be addressed to the C&W Team, as representatives of ownership.
Bids due before end of June 2022. Written notification will be sent regarding the bid date. Initial bids must be submitted to the attention of Gerry Blinebury and Jonas Skovdal. The Owner reserves the right to accept an offer prior to this date or to remove the property from the market at any time.
Property is undeveloped, ownership requests notification if buyer intends to drive the property. Brokers available for Market Tours upon request.