South Jersey Industrial Space

South Jersey Industrial SpaceLooking for South Jersey industrial space? Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker, has a number of South Jersey industrial buildings for sale or lease that are suitable for a wide range of users, from those seeking South Jersey industrial space for traditional uses such as warehousing and manufacturing, to those looking for Southern New Jersey industrial flex space for multiple uses under one roof, such as offices, showrooms, warehousing and more.

The Market for South Jersey Industrial Space

The current Southern New Jersey commercial real estate market is seeing greater demand for South Jersey industrial space that is vacant or for sale. If your company is looking for a South Jersey industrial building, call the experts at Wolf Commercial Real Estate (WCRE), a Southern New Jersey commercial real estate brokerage firm. We have the people, the power and the connections to get you the right Southern New Jersey industrial space at the right price.

The team at our South Jersey commercial real estate brokerage and services firm has unparalleled experience with Southern New Jersey commercial real estate listings, properties and services, matching buyers with sellers and owners with tenants locally and throughout the United States. Our Southern New Jersey commercial real estate brokerage firm is the partner you need for your South New Jersey industrial space.

At WCRE, a South Jersey commercial real estate brokerage firm, we provide ongoing detailed information about South Jersey industrial buildings to our clients and prospects to help them achieve their real estate goals. At Wolf Commercial Real Estate, our South Jersey commercial real estate services encompass the highest quality of service, proven expertise, and a total commitment to client-focused relationships.

Whether you are looking for new South Jersey industrial flex space to buy or lease or are seeking buyers or tenants for your available Southern New Jersey industrial buildings, WCRE is the Southern New Jersey commercial real estate broker you need.

For buyers and tenants, our South Jersey commercial real estate experts will help you find the Southern New Jersey industrial space that best suits your needs and then ensure that the sale or lease terms work hand in hand with your commercial real estate goals. At Wolf Commercial Real Estate, we partner with our clients from the beginning of the relocation analysis process in order to facilitate a smooth transition.

For owners looking to sell or lease their South industrial space, the team at our South Jersey commercial real estate brokerage firm has developed a defined marketing process that we tailor to each property and sub-market. Our proven marketing strategy works effectively to efficiently match buyers and tenants with available South Jersey industrial space.

Wolf Commercial Real Estate currently has several South Jersey industrial spaces for sale or lease. Don’t miss your opportunity to secure new Southern New Jersey industrial flex space at favorable market rates. For more information, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

About Us

Wolf Commercial Real Estate is a Southern New Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land properties and retail buildings for buyers, sellers, tenants and investors. Please click the links below for listings of Southern New Jersey industrial space for lease or sale and other Southern New Jersey commercial real estate listings and properties from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker.

Please click the links below for listings of South Jersey Office Spaces for Lease or Purchase.

Click Here for Office Listings

Click Here for Retail Listings

Search Our Commercial Real Estate Listings

First Amazon, Now Another 1.75-Million-Square-Foot Industrial Complex is Eyed for Sleepy South Jersey County

An East Norriton developer is in the midst of securing final approvals to construct a two-building, 1.75-million-square-foot warehouse and distribution center at a unique site in Salem County. 

The D2 Organization is closing in on the regulatory finish line for the Garden State Logistics Park, which would include a 1.2-million-square-foot building and another 525,000-square-foot property at the site of a former coal-fired power plant at the foot of the Delaware Memorial Bridge in Pennsville. 

“It’s just a fantastic piece of property,” said D2 President Keith Delaney

The rural South Jersey county has been gaining more attention as demand for industrial spaces pushes tenants and investors farther down the New Jersey Turnpike, including from the biggest name in the e-commerce business. Amazon is working on a 1.25-million-square-foot distribution center in Carney’s Point, just a few miles away from the D2 site. Earlier this month, it said as many as 800 people could be employed at the facility. 

“They are the trendsetter,” said Dan McGreevy, D2’s vice president of land development. “When Amazon comes to a marketplace you are officially in play.” 

The origins for D2’s project date back more than four years. Just before generation company Calpine planned to demolish the power plant that stood at 329 N. Broadway, D2 approached it about redeveloping the 282-acre site. The location on the water, surrounded by a strong labor force and access to major transportation assets like Interstate 295 was ideal, Delaney said. The firm is well-versed in the process of redeveloping environmentally sensitive sites like the former Calpine plant to meet the ever-rising demand for warehouse and distribution space in the region.

“It’s going to be really the gateway into New Jersey, from an industrial perspective,” McGreevy added. 

Over the past four years, D2 has worked with Pennsville, Salem County and state officials to come up with a plan to remediate the site and gain approvals for the sprawling industrial buildings. It is a complex site, they say. Atlantic City Electric maintains a substation and transmission lines on the property, and there are wetlands to work around as well, but the firm is “substantially through the process” of securing approvals, executives say. 

D2 has the site under contract for an undisclosed sum. 

D2 has received preliminary final approval from Pennsville and the county, and is in the middle of working with the state Department of Environmental Protection and Department of Transportation to receive permits. 

The most crucial part of the project — a payment-in-lieu-of-taxes, or PILOT, agreement — is still in the works and will likely be presented to the township committee in the coming weeks, McGreevy said. He declined to disclose the amount of the proposed annual payment in the deal, and it has yet to be entered into public record. 

Pennsville officials could not be reached for comment. 

PILOTs are a common lever municipalities pull to attract investment to an area that needs redeveloping, often in an effort to draw new jobs to town. The agreement reduces what a property owner’s tax burden would be otherwise, enabling them to offer lower leasing rates. When a firm is granted a PILOT, for example, it makes annual payments to an economic development organization instead of paying property taxes on the property it is developing. The payments typically amount to 25% of the property taxes the company would be paying.

Since PILOTs have become so common, Delaney said they’re now necessary to draw the most in-demand tenants.

If everything goes according to schedule, construction at the site could begin as early as spring 2021.

“It’s such a critical element to that project, the PILOT agreement,” Delaney said. “We won’t finalize a deal with anybody until we have that secured.” 

A property like the former Calpine site is “unique,” he said, since it’s located in Salem County, where costs are lower than anywhere else along the Turnpike and still has solid infrastructure. There’s plenty of greenfield space in the county, he said, but those properties can often have wetlands issues, no sewer hookups and roads that can’t handle large trucks. 

Sites that used to house heavy industrial operations, like a power plant, are ideal since they’ve been built out with utilities, are often located near rails and ports and the streets were designed for high-capacity use. While environmental remediation costs used to make redeveloping those types of sites too expensive, the ongoing rise in demand for industrial real estate in the area has changed the equation, Delaney said.  

Amazon recently revealed new details about its venture into Salem County, saying it planned to open a 1.25-million-square-foot fulfillment center at 742 Courses Landing Road in Carney’s Point by late 2021. The site, which will be Amazon’s 15th in the state, will employ 800 people, the company said. 

That heat in the market is also what’s driving the recent push by developers and major tenants like Amazon into the county, which is mostly made up of small agricultural communities and boroughs that have struggled with economic development. It also has the honor of being the least populated county in New Jersey, with just over 62,600 residents. 

“I think we are definitely proving Salem County is open for business,” Delaney said. 

D2 is one of the first to make big moves in the area, he added, but he doesn’t expect to be the last, especially as logistics-focused companies continue to turn their attention south. 

“Tenants have unquestionably found Salem County,” he said. 

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier  South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Industrial Space for Sale in Mercer County

Wolf Commercial Real Estate, a premier South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is now offering South Jersey industrial space for sale at 108 North Gold Drive Robbinsville NJ.

This South Jersey industrial space for sale at 108 North Gold Drive Robbinsville NJ, located in the southeastern corner of Mercer County in central New Jersey, is convenient to customer bases in both North Jersey and New York. This South Jersey industrial building for sale contains 23,933 sf of industrial space in South Jersey. There is a minimum 24-hour notice required to tour this industrial space in South Jersey.

The asking sale price for this industrial space in South Jersey is $2,871,960. This South Jersey industrial space for sale at 108 North Gold Drive Robbinsville NJ is being offered by Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services.

There is a 22-foot clear height throughout this South Jersey industrial building for sale and platform loading can be conducted at this South Jersey industrial space for sale with two dock height positions. There also are two drive-in doors at this South Jersey industrial building for sale as this South Jersey industrial space for sale is considered a light industrial facility.

This South Jersey industrial building for sale at 108 North Gold Drive Robbinsville NJ is impeccably maintained as are the parking and grounds housing this industrial space in South Jersey. In addition, this South Jersey industrial space for sale has approximately 4,000 sf of existing office space.

There is immediate access to Route 130 North from this South Jersey industrial space for sale and it is only four miles from this industrial space in South Jersey to Interchange 7A of the New Jersey Turnpike. This South Jersey industrial building for sale is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services.

This South Jersey industrial building for sale at 108 North Gold Drive Robbinsville NJ is an easy drive to or from either Newark Liberty International Airport (EWR) or Philadelphia International Airport (PHL). The Hamilton Marketplace Regional Power Center, with more than one million square feet of shopping and dining options, is nearby this industrial space in South Jersey.

For more information about this South Jersey industrial space for sale, or about any other South Jersey commercial properties for sale, please contact Kevin Coleman (856-857-6339; kevin.coleman@wolfcre.com) or Victor DeJesus (856-857-6388, victor.dejesus@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

CoreOne Purchases Six Industrial Properties for $28 Million

Acquisitions Made in New Jersey, Connecticut and Pennsylvania 

In several deals, CoreOne Industrial has acquired six single-tenant industrial properties in New Jersey, Pennsylvania and Connecticut for a total of $28 million. 

The anchor of the buildings purchased by CoreOne, which is based in Norwalk, Connecticut, is a 200,000-square- foot distribution center at 2145 Center Square Road in Swedesboro, New Jersey. 

The 370,000-square-foot portfolio also includes: 2631 Industrial Way in Vineland, New Jersey; 1300 John Tipton Blvd. in Pennsauken, New Jersey; 516 E. Township Line Road in Blue Bell, Pennsylvania; 490 St. John Church Road in Camp Hill, Pennsylvania; and 1010 Woodend Road in Stratford, Connecticut. 

The properties are all fully leased.

“Each of these assets are in historically strong industrial markets and the buildings have exact functionality we seek in our portfolio,” CoreOne President Joe Burton said in a statement. “The majority of the properties were acquired from owner/users and have been impeccably maintained. We were very fortunate to acquire these assets at a great cost basis in these future growth markets.”

In September, CoreOne announced it had sold 1 Fitzgerald Ave. in Monroe Township, New Jersey, for $10.7 million.

“The New Jersey market has become one of our core competencies over the past five years,” Burton said in a statement then. “The sale of our Monroe Township [property] will afford us the ability to immediately reinvest back into the greater New Jersey market as we continue to uncover value and drive return for our investors.”

*Article courtesy of CoStar

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier  South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Amazon to Open 1 Million-Square-Foot Fulfillment Center in South Jersey

Amazon plans to debut what will be its 16th fulfillment center in New Jersey in time for the holiday season next year, a more than 1 million-square-foot facility in Salem County in the southern part of the Garden State. 

The project in Carneys Point represents another expansion of the e-commerce giant in New Jersey, where the Seattle-based company has already invested more than $14 billion. The planned state-of-the-art fulfillment center will create 800 full-time jobs.

Amazon currently operates 15 fulfillment and sorting centers across the state in Avenel, Burlington, Carteret, Cranbury, Edison, Florence, Logan Township, Robbinsville, Teterboro and West Deptford.

It’s no surprise that Amazon is increasing its footprint in New Jersey. The company has seen a boost in its online business because of the pandemic, with more people turning to e-commerce to shop, and it needs to be able to quickly ship to those customers. And in general New Jersey’s industrial market has seen record demand, because of the state’s location in the center of a densely populated region.

Amazon recently launched its Cranbury center,creating more than 1,000 jobs. That 953,595-square-foot building at 343 Half Acre Roadhouses both a sorting center, which sorts packages before they are transferred to a delivery station or last-mile delivery partner for final delivery to customers, and a fulfillment center, which will handle extra-large items such as couches.

As part of its New Jersey expansion, Amazon is also opening three additional sorting centers across the state throughout October. Two of these sites are in Burlington and one is in Edison, creating hundreds of full- and part-time jobs, according to Amazon.

“For more than a decade, the Garden State and its incredible workforce have been vital to our ability to provide great selection, competitive prices and the Prime services we know our customers love,” Alicia Boler Davis, Amazon’s vice president of global customer fulfillment, said in a statement. “We are excited to create thousands of new job opportunities — with great pay and great benefits — and remain committed to driving a positive economic impact in the community.”

Amazon employees at the Carneys Point facility will pick, pack and ship large items. The company also said it plans to hire employees for human resources, operations management, safety, security, finance and information technology.

“This fulfillment center will help our township and Salem County with hundreds of jobs and tax revenue, and will help our small business owners recover from the pandemic,” Carneys Point Mayor Kenneth Brown said in a statement. “We look forward to a strong and lasting partnership with Amazon.”

The e-tailer already has more than 34,000 full- and part-time employees in New Jersey. Since 2010, Amazon said it has invested more than $14.5 billion across the state, including infrastructure costs and compensation to its employees, which has contributed more than $14.7 billion to the state’s economy and helped create more than 30,000 indirect jobs on top of Amazon’s direct hires.

*Article courtesy of CoStar

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier  South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Industrial Space for Sale in Gloucester City

Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services, now has available a highly visible South Jersey industrial building for sale at 410 Jersey Avenue Gloucester City NJ.

This South Jersey industrial space for sale is a +/- 32,000 square-foot building and the asking sale price for this industrial space in South Jersey is $1,400,000. In addition, the business and equipment connected with this industrial space in South Jersey is available for $700,000.

Currently operating as a commercial laundry facility, this South Jersey industrial building for sale is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This South Jersey industrial building for sale has a large parking lot for delivery trucks and the perimeter of the property containing this industrial space in South Jersey is completely fenced. There also are two loading-dock-height doors at this South Jersey industrial space for sale.

More than 120,000 people reside within a three-mile radius of this industrial space in South Jersey at 410 Jersey Avenue Gloucester City NJ.  The average household income in the same area near this South Jersey industrial space for sale is $52,417.

This South Jersey industrial space for sale at 410 Jersey Avenue Gloucester City NJ is close to both the Walt Whitman and Ben Franklin bridges to Philadelphia and this South Jersey industrial building for sale offers easy access to routes 42, I-95, 130, and I-676.

For more information about this South Jersey industrial building for sale at 410 Jersey Avenue Gloucester City NJ or about any other South Jersey commercial properties for sale or lease, please contact Phil Costa (215-799-6195; phil.costa@wolfcre.com) or Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale through our South Jersey commercial real estate brokerage firm.

Philadelphia Pet Store with a Growing Amazon Presence Leases South Jersey Industrial Building

A Philadelphia pet store with an expanding e-commerce presence is leasing a 58,000-square-foot warehouse in South Jersey, where the industrial vacancy rate remains low amid a hot industrial market. 

Monster Pets signed a seven-year, four-month lease for the full building at 601 Delran Parkway in the Swedes Run Industrial Park in Delran, Burlington County. 

The 553,579-square-foot portfolio includes properties in Gloucester County’s Swedesboro as well as properties farther north in Mount Laurel and Delran in Burlington County.

Swedes Run Industrial Park is located less than a mile from Route 130 and about six miles from I-295 and the New Jersey Turnpike. 

Monster Pets, which has a retail location on Columbus Boulevard in South Philadelphia, is leasing the space to house a new warehouse and distribution center as it expands, Endurance said. The company has a growing e-commerce presence, with more than 2,000 items offered through its Amazon storefront and nearly 19,500 ratings in the last year.

A recent report put Burlington County’s industrial submarket at a 3.6% vacancy at the end of the second quarter. The reports notes net absorption this year so far totals 1.7 million square feet.

*Article Courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier  South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Canadian Joint Venture Pays $39 Million for South Jersey Industrial Site

Toronto-based WPT Industrial Real Estate Investment Trust and Investment Management Corporation of Ontario purchased an industrial land parcel in Mansfield, New Jersey, for $39 million.

The 61-acre site is located off Route 206 and is about two miles from the New Jersey Turnpike and Interstate 295.

The joint venture plans to develop about 772,000 square feet of modern distribution and logistics space at the site. A timeline for the development project has not yet been disclosed.

*Article courtesy of CoStar

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier  South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Industrial Space for Sale or Lease in Salem County

Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services, now has available a highly visible South Jersey industrial building for sale or lease at 541 Harding Highway Carneys Point, NJ.

This South Jersey industrial space for sale or lease is in a +/- 25,000 square-foot building. This South Jersey industrial building for sale or lease has a +/- 14,400 sf dry warehouse area and this industrial space in South Jersey at 541 Harding Highway Carneys Point, NJ has +/- 7,600 sf of cooler and freezer storage. In addition, there is +/- 3,000 sf of office space at this South Jersey industrial space for sale or lease.

The asking sale price for this industrial space in South Jersey is $2,400,000 while the asking lease price of this South Jersey industrial space for sale or lease is $9.00 sf NNN. This industrial space in South Jersey, which sits on 3.58 acres of land, is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

There is a 28-foot clear height at this South Jersey industrial building for sale or lease and there are six (6) tailgate loading docks at this industrial space in South Jersey at 541 Harding Highway Carneys Point, NJ that also has 30 parking spaces. Also, this South Jersey industrial building for sale or lease offers excellent access to both the Delaware Memorial and the Commodore Barry bridges.

More than 26,000 people reside within a five-mile radius of this industrial space in South Jersey at 541 Harding Highway Carneys Point, NJ.  The average household income in the same area near this South Jersey industrial space for sale or lease is $68,891.

For more information about this South Jersey industrial building for sale or lease at 541 Harding Highway Carneys Point, NJ or about any other South Jersey commercial properties for sale or lease, please contact Phil Costa (215-799-6195; phil.costa@wolfcre.com) or Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

Misfits Market raises $85 million, plans 700+ new hires, tells why it left N. Philly for S. Jersey

Produce-delivery service Misfits Markethas raised another $85 million from investors and will add a “new, state-of-the-art warehouse” across the river from Philadelphia in Delanco to supplement the cold-storage warehouse at its Pennsauken headquarters, the company said Wednesday.

Investors are betting on a rapid expansion across the U.S. for the firm, which says it hired 400 since March to ship “organic, affordable” groceries to customers’ homes.

The company employs 560 fulltime warehouse workers, 70 temps it expects to add fulltime, plus 100 boss, tech and other staff who mostly work remotely — and plans to double staff by year’s end. Chief executive Abhi Ramesh says he boosted pay $3 an hour in March to meet demand, and kept wages at the new level while Acme and other grocers ended the practice. New Jersey’s minimum wage is $11 an hour. 

Like a cut-rate Harry & David, Misfits prides itself on shipping “ugly” produce — lumpy apples, many-rooted parsnips — and mislabeled pantry items, but at budget prices, instead of premiums.

Founder Abhi Ramesh said the company staffed up for a surge in home-delivery demand after restaurants were closed under coronavirus restrictions in March. 

Chicago-based Valor Equity Partners (”Your Partner in Disruptive Growth”), which is also an investor in Philadelphia-based national snack delivery service GoPuff, leads the new investor group. (Japan-based SoftBank committed up to $1 billion to GoPuff parent GoBrands last year and has added drivers and warehouses across the U.S.; it is so busy neighbors have complained about late-night traffic.)

Others betting on Misfits include San Francisco-based Greenoaks Capital, one of the firms that sold Flipkart to Walmart in 2018; Third Kind Venture Capital of New York; plus a Hollywood cash infusion from Sound Ventures, founded by actor Ashton Kutcher and Guy Oseary, who manages pop singer Madonna.

Misfits, founded by Ramesh, a graduate of the University of Pennsylvania’s Wharton School and an alumus of the Philadelphia-founded DreamIt Ventures entrepreneurial development program, raised an initial $16.5 million from Greenoaks and other firms in 2018.

Investors hope the rapid growth in local-delivery services such as GoPuff and Misfits will bring fat takeover offers from national giants like Walmart or Amazon. Amazon cut back on its own local delivery service earlier this spring to concentrate on surging demand for warehousing, shipping and distance hauls.

Ramesh at first said he wanted to base Misfits in North Philadelphia. In a statement posted on the company web site, he called Philadelphia “the poorest of the country’s 10 major cities, with a poverty rate double the national average,” and said he wanted “to employ a lot of people in the North Philadelphia area. There are few jobs in the area with decent pay, so we have individuals who are happy to work for us in the warehouse, pulling through produce, packing, and building our boxes.”

But Misfits has moved its initial Philadelphia warehousing to the suburbs, leasing a 140,800 square foot facility in an industrial neighborhood of Pennsauken.

Why the move across the Delaware River? “We’re proud to have originally put down roots in North Philly and founded the company there. However, demand for our product quickly outpaced the size of industrial facilities available in the city proper. By building a new facility in close proximity to the metro area, we’re able to scale efficiently and create jobs for more residents of Greater Philadelphia,” the company said in an email.

The company said in a statement it will be able to “more than double its order capacity across the East Coast, throughout the South and into the Midwest” from the Delanco and Pennsauken warehouses. Misfits says it recently added Louisiana, Arkansas and Mississippi to its delivery area, and plans Michigan and neighboring Midwestern states next.

Misfits Market said it buys produce of unusual size and brand-name products with packaging errors at discount prices. That prevents “food waste,” Valor partner Jonathan Shulkin said in a statement. He will join the Misfits board as part of the deal. He also praised Misfits’ “tech-forward approach” to matching food other companies don’t want with individual consumers.

“This investment will help us reach more people for whom our product will be essential,” said Ramesh in a statement.

In the May interview Ramesh described Misfits’ products as “funny-looking produce, things that are too big or too small to fit on a shelf, pantry-stable items, things that are mislabeled or mispackaged, things supermarkets are not stocking.” He said such niche buying enabled his company to offer “30 to 40 percent discounts compared to regular retail prices,” and that coronavirus demand had accelerated his business plan by 18 months.

The company also said it plans to expand its online sales, including special deals “from brands like Bob’s Red Mill, Taza Chocolate, Minor Figures Oat Milk, Teatulia, and Ceremony Coffee at an average of 25-50% off retail prices.” And there will be a smartphone app.

In a statement, Taza founder Alex Whitmore called Misfits ” a rescuer” that prevented waste by buying his company’s surplus when coronavirus closings shut retailers who used to sell his products.

Before starting Misfits Market, Ramesh was a cofounder of Horizons School of Technology, a San Francisco-based software education platform;, of DreamIt-backed Altair Prep, an online SAT tutoring service; and of StoreTok, a Los Angeles firm that sought to enable retail purchases through social-media comments. He was also an analyst at private-equity giant Apollo Global Management LLC.

Pennsauken and Delanco are located along the River Line, a light-rail commuter train from Camden to Trenton. Amazon, Burlington Coat Factory, Radial and other shippers also have warehouses along the line. The Delanco site was home to a large Dietz & Watson warehouse that burned in 2012 when firemen couldn’t turn off its rooftop solar power array to safely put the blaze out.

*Article courtesy of the Inquirer 

For more information about this South Jersey industrial space for sale or about any other South Jersey commercial properties for sale or lease, please contact the team at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale through our South Jersey commercial real estate brokerage firm.

South Jersey Industrial Space for Sale or Lease in Penns Grove

Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services, now has available highly visible South Jersey industrial space for sale or lease at 541 Harding Avenue Penns Grove NJ.

This South Jersey building for sale or lease is a +/- 25,000 square-foot building.  This South Jersey industrial space for sale or lease has +/- 14,400 sf of dry warehouse area and, in addition, there is +/- 7,600 sf of cooler and freezer storage area at this South Jersey industrial building for sale or lease.  Additionally, this South Jersey industrial space for lease or sale has +/- 3,000 sf of office space.

The asking sale price for this industrial space in South Jersey is $2,400,000; the asking lease price for this industrial space in South Jersey is $9.00 sf NNN. This South Jersey industrial space for sale or lease at 541 Harding Avenue Penns Grove NJ is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This South Jersey building for sale or lease has a 28-foot clear height and there are six (6) tailgate loading docks at this industrial space in South Jersey.  This South Jersey industrial building for sale or lease has heat blowers in the dry warehouse, condensers in the cooler/freezer space, and a standard HVAC system for the office space. The electric service at this South Jersey industrial space for lease or sale is 400 amps/600 volts.

Situated on +/- 3.58 acres, this industrial space in South Jersey at 541 Harding Avenue Penns Grove NJ offers excellent access to the Delaware Memorial and Commodore Barry bridges. There are 30 parking spaces at this South Jersey building for sale or lease.

More than 26,000 people reside within a five-mile radius of this industrial space in South Jersey at 541 Harding Avenue Penns Grove NJ.  The average household income in the same area near this South Jersey industrial space for sale or lease is $62,058.

For more information about this South Jersey industrial space for sale or lease at 541 Harding Avenue Penns Grove NJ or about any other South Jersey commercial properties for sale or lease, please contact Phil Costa (215-799-6195; phil.costa@wolfcre.com) or Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.