PHILADELPHIA, PA – January 5, 2012 – On behalf of National Gypsum Company, Binswanger is pleased to announce the sale of a 275,517 sq. ft. warehouse/production building on approximately 14 acres situated at 175 DeRousse Avenue in Pennsauken, New Jersey.

The buyers, New Mill Capital and Global Equipment plan to use the facility for equipment storage and will offer space for lease.

Features of the property include un-insulated metal panel construction in the warehouse and masonry over steel frame in the production area; built up, rubber, and metal roof in some portions; ceiling heights to 21' and 27'; gas fired heating units in the production area; combination of wet and dry sprinkler systems throughout; all utilities; 26 KV primary power; and 55 paved off-street surface parking spaces.

The property is strategically located in a redevelopment area on the Delaware River in Pennsauken, New Jersey and offers easy access to Route 130 and convenient access to I-95 via the Betsy Ross Bridge.  The site is a 15 minute drive to Philadelphia, Pennsylvania and approximately 90 minutes to New York City.

The transaction was handled by Marc Policarpo, Senior Vice President in Binswanger’s Philadelphia, PA office.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.