Dallas, TX – Hillwood Investment Properties, a Perot company, in a partnership with Brookfield Asset Management, has acquired a 600,000-square-foot Class A bulk distribution building located in the Southern New Jersey submarket of the Greater Philadelphia industrial market.
“Hillwood is proud to partner with Brookfield in the acquisition of another Class A warehouse facility,” said Tom Fishman, Hillwood’s Executive Vice President of Acquisitions. “We are eager to increase our presence in the New Jersey and Pennsylvania industrial markets.
The property was developed in 1991 and provides cross-dock loading with a depth of 460’, 25’ ceiling heights, ESFR sprinkler system and 42’ x 42’ column spacing with 60’ speed bays, spacious truck courts of 122’ to 185’, 91 trailer stalls, full circulation and the potential for future rail access. With the additional land, 200 Birch Creek features an efficient and flexible warehouse design that can be expanded to accommodate users as large as 770,000 square feet or can be subdivided for a broad range of space requirements.
Located in Pureland Industrial Park, 200 Birch Creek is less than two miles from Exit 10 of I-295, Southern New Jersey’s primary north/south highway. 200 Birch Creek benefits from extraordinary access to the entire Northeast US Distribution Corridor serving New York, Northern New Jersey, Philadelphia, Delaware, Baltimore, and Washington DC metro areas. The Exit 10 location offers an extensive amenity base in the immediate vicinity of the Property including hotels, restaurants, and retail.
"The shortage of large blocks of available space in the combined Southern New Jersey, Pennsylvania, Delaware and Maryland industrial market uniquely positions 200 Birch Creek in the region," said Gary Frederick, Hillwood Market Officer.
Hillwood, a Perot company, is ranked as one of the top commercial real estate investors and developers in the country and the top residential developer in Dallas-Fort Worth. Hillwood’s developments currently house facilities for 60 companies listed on the Fortune 500, Global 500 or Forbes List of Top Private firms. Hillwood is best known for its Alliance brand that includes the 17,000-acre AllianceTexas, 4,474-acre AllianceFlorida at Cecil Commerce Center, and 2,000-acre AllianceCalifornia. For additional information, please visit www.hillwoodinvestmentproperties.com.
About Brookfield Asset Management
Brookfield Asset Management is a global alternative asset manager focused on property, renewable power, infrastructure and private equity, with over US$150 billion of assets under management, which includes approximately US $88 billion of property assets under management in North and South America, Europe and Australia. In addition, the company provides clients with an extensive array of real estate advisory, property and investment services. Brookfield is publicly listed on the NYSE, TSX and Euronext Amsterdam under the symbol BAM, BAM.A and BAMA, respectively. For additional information on the company, please visit http://www.brookfield.com.