Roddy Inc., the Bensalem based industrial and commercial real estate brokerage firm represented Drummond Decatur and State Properties LLC in leasing 201,456 square feet of warehouse space to JAKO Enterprises LLC.
Robert Olender of Roddy Inc. advised JAKO Enterprises LLC. leased the property to accommodate company growth. Founded in 2002, JAKO Enterprises operates retail stores in Philadelphia, New York City, New Jersey, Maryland and Washington DC. Since opening their first location at the Rising Sun Plaza in Philadelphia, the company has expanded along the East Coast to 50+ locations. Their KicksUSA and Ubiq stores offer family-friendly customer service with the latest styles and hottest brands, including footwear from top brands such as Nike, Jordan, Adidas, Timberland, Puma, Vans and more.
The aggregate rental value of the lease is in excess of $2,125,000. Drummond Decatur and State Properties LLC was represented by Robert Olender of Roddy Inc. and Richard Gorodesky of Colliers International represented JAKO Enterprises LLC. in the transaction.