DP, part of the Reno, NV-based Dermody Properties, and partner Great Point Investors of Boston actually broke ground for the building on spec in August, and figure to have it ready for Kimberly-Clark in August. The deal was arranged in-house by DP Properties' chief operating officer John Atwell and Eastern Region partners Michael Alderman and Stephen Bailey, along with outside brokers from the Mt. Laurel-based NAI Mertz.
Kimberly-Clark, meanwhile, was represented by a group of Colliers brokers, specifically Matthew Stauber of Colliers Bennett & Kahnweiler in Rosemont, IL; and Marc Isdaner and Mark Chubb in the Philadelphia office of Colliers Lanard & Axilbund. Financial details of the transaction were not released.
"The facility will be used for warehousing and distribution, and for ancillary offices," Atwell says. "Kimberly-Clark selected the site because the location is within close proximity to an existing plant," a facility that is just across the river in Chester, PA.
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