A California real estate investment firm has made a major acquisition in South Jersey. Oakland-based Berkeley Partners purchased a 275,000-square-foot industrial warehouse at 500 University Court in Blackwood for $36.2 million, according to public records. The seller was an entity tied to New York-based investment firm TPG Angelo Gordon. The deal equates to roughly $131… Read more »
A Pennsauken industrial building has changed hands for the second time in just over a year—this time at a nearly 30% markup. General Investment and Development, which purchased the 111,000-square-foot property at 8290 National Highway last year, has sold it for $18.95 million to an entity tied to Keystone Safety. The 100-year-old safety equipment company… Read more »
A 2.6 million-square-foot artificial intelligence data center is nearing completion in Vineland, marking a major milestone for tech infrastructure in South Jersey. The project, led by Netherlands-based Nebius Group, will be the company’s first U.S. facility and one of the largest AI data centers in the region. Located on a private industrial site near South… Read more »
Singapore-based Mapletree Investments has commenced construction on a cutting-edge industrial facility in Westampton Township, New Jersey, just outside Philadelphia. The 250,000-square-foot project, located at 1960 Burlington-Mount Holly Road, sits on a 22.5-acre site and is slated for completion in the second quarter of next year. Designed as a Class A facility, the development will offer… Read more »
D2 Organization has purchased a 76-acre property in Carneys Point, New Jersey, for $5.7 million, with plans to develop two large-scale distribution warehouses totaling 476,300 square feet. The East Norriton-based firm acquired the former farm at 965 Harding Highway from private owner Fedele DePalma. According to CEO Keith Delaney, construction is expected to begin in… Read more »
PNK Group, a New York-based industrial developer, is set to expand its footprint in the Philadelphia area with a new 270,000-square-foot warehouse planned for South Jersey. The facility will be built on a 53-acre parcel in Waterford Township, located near the northeast intersection of Routes 30 and 73 in Camden County. The project falls under… Read more »
Two industrial buildings in Bellmawr, NJ, totaling nearly 100,000 square feet, sold for $12.6 million. Camber Real Estate Partners of Montclair acquired the side-by-side Kor Center properties at 420 and 440 Benigno Blvd. from Hoboken-based Faropoint, with additional millions planned for capital upgrades. The buildings measure 46,000 and 52,000 square feet, respectively. *Article courtesy of… Read more »
DH Property Holdings and DRA Advisors have acquired a 273,000-square-foot Class B industrial facility in Delanco, New Jersey, for $30.5 million, reflecting strong tenant interest in this type of asset, according to the New York-based investors. At the time the property at 800 Coopertown Road went under contract, DH Property Holdings founder Dov Hertz anticipated… Read more »
A major logistics company is set to create around 1,000 jobs in Cinnaminson after securing the region’s largest industrial lease of the year. Performance Team, a California-based logistics provider and part of the global shipping leader Maersk, has leased the entire 1.2 million-square-foot Box Park Logistics Center at 995 Taylors Lane, according to recent reports…. Read more »
GMB North America, the U.S. subsidiary of global auto parts manufacturer GMB, is relocating its headquarters and North American distribution operations from Middlesex County to a new Class A industrial facility in Burlington, New Jersey. The company has signed a lease for 156,000 square feet within a 294,000-square-foot warehouse being completed by Crow Holdings Development… Read more »
