Posts Tagged: South Jersey industrial flex

South Jersey Shopping Center Outside Philadelphia Trades Hands

A retail center anchored by a ShopRite grocery store in the suburbs of Philadelphia has traded hands. Mill Pond Village, a 94,550-square-foot shopping center at 380 Egg Harbor Road in Sewell, New Jersey, was sold. The sale price wasn’t disclosed. ShopRite, a dominant grocer in South Jersey, has been an anchor at the Gloucester County shopping center… Read more »

Developers Pay $110.5M for 117-acre South Jersey Site, Plan Two New Warehouses

A 117-acre industrial site in South Jersey has sold for $110.5 million, paving the way for the construction of two speculative Class A distribution buildings.  A joint venture between Clarion Partners and Baltimore-based MRP Industrial bought the expansive property at 1900 River Road in Burlington Township from Boston-based Stag Industrial, which paid $61.5 million for… Read more »

South Jersey industrial portfolio trades for $29M

Faropoint, an Israel-based real estate investment company with U.S. operations in Memphis, has acquired the Runnemede Corporate Center in South Jersey for $29.37 million.  The properties total 304,077 square feet and include four development sites that can accommodate nearly 125,000 square feet of additional space.  The existing buildings are located at 150, 155, 160, 165,… Read more »

Matrix Plans $20M Speculative Distribution Center in Camden

Matrix Development Group is planning to develop a proposed $20 million, 145,390-square-foot distribution center on speculation along Admiral Wilson Boulevard in Camden.  The project on roughly 30 acres at the intersection of South 17th Street and Admiral Wilson Boulevard could potentially produce upwards of 350 to 400 jobs and provide a boost to a beleaguered… Read more »

Logistics Company Leases 59,000 Square Feet in Salem County

A logistics and shipping company is taking 59,300 square feet in Salem County, as the rural South Jersey area gains more attention as an attractive location for industrial tenants.  DB USA Logistics Inc. signed a lease at 88 Industrial Park Road in Pennsville, part of a 194,000-square-foot building constructed in 1968. Terms of the deal were… Read more »