Industrial

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Phase 1B of the massive industrial facility will include three class-A industrial buildings totaling 417,000 square feet.

The deal for the facility marks the 10th and final acquisition in a Brennan-Arch Street in its current single-tenant, net lease industrial aggregation venture. Brennan and Arch Street report they are launching an eighth venture—USIPA – Brennan Ventures III.

The Class-A facility, located at 150 Whitman Ave. in Edison, will feature 36-foot clear ceiling heights, 23 exterior docks, five trailer positions, parking for up to 62 cars, and one drive-in door.

Iovance expects to invest approximately $75 million over three years for equipment and construction of the manufacturing suites. The company expects the new facility at the Philadelphia Navy Yard will be completed in approximately two years.

The combination of DBRS with Morningstar Credit Ratings' U.S. business will expand Morningstar's global asset class coverage and provide an enhanced platform that will provide investors with leading fixed-income analysis and research, the company states.

R&D/advanced manufacturing campus, North Loop 3, located in Harbor Bay Business Park is scheduled for occupancy in spring 2020 with individual buildings ranging from 23,955 square feet to 47,910 square feet.

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