Posts Tagged: Southern New Jersey industrial building

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 »

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 »