A pair of Pennsauken warehouses sold for $22.95 million as part of an acquisition by upstate New York food manufacturer Baldwin Richardson Foods. In April, Baldwin Richardson announced the purchase of Pennsauken Packing Co., including its warehouses at 1550 and 1600 John Tipton Blvd. Camden County property records revealed the price. Pennsauken Packing, a subsidiary… Read more »
Walmart is closing a fulfillment center in South Jersey, affecting 271 workers, according to a state filing. The retail giant is relocating operations from its 705,000-square-foot facility in Pedricktown, New Jersey, to a new fulfillment center in Greencastle, Pennsylvania, a Walmart (NYSE: WMT) spokesperson said. The layoffs will be effective September 9, according to the… Read more »
Construction is underway on a two-warehouse complex that will provide over 1.12 million square feet of space, though the occupants have yet to be determined. The Rockefeller Group Logistics Center, which received local planning approval in late 2022, sits on a 141-acre property assembled from 13 parcels purchased from 11 different owners. “The project was… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2091 Springdale Road, Cherry Hill, New Jersey 08003. The Cheryy Hill property is available for lease. The property holds +/- 3,075 square feet that could be utilized by industrial users. Features of… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1916 Old Cuthbert Road, Suite A, Cherry Hill, New Jersey 08034. The Cheryy Hill property is available for sale. The property holds +/- 1,600 square feet that could be utilized by medical… Read more »
Following the triumph of initial phases in a significant Philadelphia-area industrial project, NorthPoint Development extends its investment in the region by commencing construction on another $590 million project in South Jersey. NorthPoint, headquartered in Kansas City, Missouri, held a ceremonial groundbreaking on Tuesday for the 3.8 million-square-foot Turnpike 1 Trade Center in Woodstown, Salem County…. Read more »
Industrial developers and property owners are anticipating a challenging leasing environment in the upcoming year and into 2025 due to the significant amount of new industrial space scheduled for completion. Currently, there are 18.2 million square feet of industrial space under construction in New Jersey, with 90% still available for lease. This influx of new… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 510 Williamstown Road, Sicklerville, NJ. The Sicklerville property is available for lease. The property holds +/- 6,400 sqaure feet that could be utilized by industrial users. Features of 510 Williamstown Road, NJ… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 659 Swedesboro Road, Gibbstown, NJ. The Gibbstown property is available for sale. The property has two flex buildings with +/- 2,250 sqaure feet that could be utilized by industrial and land users. Features… Read more »
Ares Management acquires a substantial South Jersey industrial portfolio with 14 buildings, spanning Cinnaminson and Pennsauken, totaling 1,116,348 square feet. The Los Angeles-based company purchased the properties from Whitesell Construction for $118.5 million, at an average of $106 per square foot. This transaction stands as one of the region’s significant industrial sales in the past… Read more »
