A major fruit juice company is making a significant investment in southern New Jersey, announcing plans to spend $200 million on a new large-scale production facility in Cumberland County. The project marks one of the region’s biggest manufacturing investments in recent years and is expected to bring new jobs and economic growth to the area…. Read more »
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 »
