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Wharton Industrial, a platform of real estate investment firm Wharton Equity Partners, has acquired six industrial properties in Southern New Jersey. The purchase prices were not disclosed.
The acquisitions include a three-building, 153,400-square-foot portfolio located in Pennsauken, N.J. which Wharton Industrial acquired with Walton Street Capital. The portfolio is located within Wharton Industrial’s Twinbridge Industrial Park, a 1.1 million-square foot, 32-building warehouse complex which it acquired last year with Walton Street. The 100 percent occupied park is located just off Route 73, a short drive from I-295 and the New Jersey Turnpike. Tom Palumbo and Bill Sitar of Sitar Realty served as brokers for the sale.