Posts Tagged: Southern New Jersey Commercial Real Estate Brokerage Firm

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 »

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… Read more »

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… Read more »

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… Read more »

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… Read more »

South Jersey Industrial Portfolio Sells for $43 Million

Endurance Real Estate Group and PCCP have purchased a seven-building industrial portfolio totaling 554,000 square feet in southern New Jersey for roughly $43 million. Foxfield Industrial, a joint venture between Novaya Real Estate Ventures and Foxfield Ventures, divested the warehouse and distribution properties, which are located in Delran, Mount Laurel and Swedesboro. “The infill nature… Read more »

Direct-Mail Firm Executes $20 Million Sale-Leaseback Deal for South Jersey Site

A direct-mail marketing company has closed a $20.2 million sale-leaseback deal for its combined headquarters and distribution facility in southern New Jersey. ICS sold its 183,000-square-foot industrial property at 100 Friars Blvd., in West Deptford to Clarion Partners Real Estate Income Fund, which is that group’s second investment. The building is fully occupied by ICS, which uses… Read more »

New Jersey Industrial Portfolio Trades for $16 Million

Industrial Investments Inc. has acquired a 21-building industrial portfolio in Camden County, New Jersey, for $16.1 million from The Bloom Organization. The sale involved 21 buildings in West Berlin, including the Bloomfield Business Park, that total 251,410 square feet. The buyer is an affiliate of Blue Bell, Pennsylvania-based Industrial Investments, while the seller, Bloom, is headquartered in… Read more »