SkyREM Signs a New 208,000 SF Lease at its I-95 Distribution Center

Oct 12, 2020


New York, NY (October 12, 2020)SkyREM, LLC, a leading privately held commercial real estate investor, owner, and developer, is happy to announced that it has signed a 208,000 square foot, long-term lease with We Pack Logistics, LLC at its 930,000 square foot I-95 Distribution Center located in Fayetteville, NC.

We Pack Logistics provides contract packaging, warehousing and transportation services to the consumer packaged goods market throughout the United States. Both Fortune 100 companies and regional manufacturers rely on We Pack Logistics’ reimagined 3PL solutions to deliver their unique products to the market.

We Pack is slated to use the space for warehousing and distribution for one of its key, national food producer accounts.

“The recently completed installation of 18 new loading docks and interior improvements to the 208,000 sf space allowed Sky to secure this new lease at the site,” said Frank Janos, Managing Director of Asset Management, Construction and Development of Sky.  “We Pack will join Landair Logistics and Keeco, LLC at the site and brings the building to full occupancy”.

The multi-tenanted warehouse    and distribution space is located within 1.5 miles of I-95, placing it within a day’s drive of 3/4ths of the U.S. population. The building features 32-foot clear ceiling heights and a generous parking ratio with abundant loading.

Since purchasing the property, Sky has fully modernized the property into a state-of-the-art asset, implementing a multi-million capital improvement plan consisting of interior and exterior LED lighting; new loading dock expansion, roof replacement and refurbishment, rehabilitation of trailer storage lot with a capacity of 100 trailers, infrared testing of all electrical panels, replacement and repairs to the HVAC systems.

Tommy Turner and James Belcher of Newmark Knight Frank brokered the lease on behalf of SkyREM.

 

About SkyREM, LLC

SkyREM, with corporate offices in New York and Philadelphia, is a vertically integrated real estate investor, owner, and developer. SkyREM has amassed a diversified portfolio of properties throughout the United States. SkyREM employs an opportunistic, value driven, flexible approach to acquire real estate assets and develop sites in strategic markets.  As a principal for its own account, Sky is actively acquiring throughout the east coast. To learn more please contact Marc Civitillo at 212‐888‐6920, or visit www.skyrem.com.