Kimberly-Clark Signs 600,000-SF Build-to-Suit

LOGAN TWP., NJ-DP Properties’ 1,000-acre LogistiCenter at Logan industrial park has a major new tenant, namely Kimberly-Clark. The maker of Kleenex, Scott, Cottonelle and other well-known consumer health and hygiene brands is signing a build-to-suit deal to lease a new 599,500-square-foot warehousing/distribution building on 60 acres fronting Commerce Blvd. within the South Jersey park.

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.