Binswanger Brokers Two Leases for Gujarat Glass in New Jersey.

PHILADELPHIA -- Binswanger is pleased to announce that Gujarat Glass International, Inc. has leased 100,000 sq. ft. of warehouse space at 3100 North Mill Road in Vineland, New Jersey, plus 6,130 sq. ft. of office space at the Marlton Executive Center in Evesham Township, New Jersey.

Gujarat Glass, a leading manufacturer of glass packaging for pharmaceutical and cosmetic products, is a subsidiary of Mumbai, India-based Piramal Enterprises Limited. The company recently acquired certain assets from the Millville-based Glass Group, Inc, including manufacturing operations in Williamstown and May's Landing, New Jersey, as well as in Flat River, Missouri. The new Vineland facility will serve as the company's main U.S. distribution center. The building is centrally located with respect to the company's other New Jersey facilities and also offers strategic port access and expansion capabilities.

The landlord, Vineland Construction Company, is a division of National Freight and has significant real estate holdings around the country.

In a separate transaction, Gujarat signed a long-term lease for 6,130 sq. ft. of office space at 10 Lake Center Executive Parkway in Marlton, which will serve as its new corporate U.S. headquarters. The company will relocate 35 employees from its Williamstown office. The building is owned by Plymouth Meeting, Pa.-based Brandywine Realty Trust.

Binswanger acted as sole broker in both transactions.

Headquartered in Philadelphia, PA, Binswanger is an international, full-service real estate organization with offices throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, Asia, and Australia.