Velocity Venture Partners purchased 436 Commerce Lane in West Berlin, New Jersey back in August 2020 for $2,700,000. Just weeks after closing, Velocity leased the sole vacancy to Walmart. The building features five drive-in loading doors, six loading docks, 18′ ceilings, and is well-located just off Route 73. Velocity sold the building for $4,200,000 to an… Read more »
Battles between concerned residents and warehouse developers have become increasingly common all over the country. And in New Jersey, so many opponents of a proposed distribution hub packed a hearing that the session is being rescheduled. The concern over Russo Development’s 2.1 million-square-foot project, slated for a roughly 160-acre site along Route 322 in Gloucester… Read more »
Novacart Inc., a designer and manufacturer of paper products used in the baking industry, has paid $14.6 million, or $205 a square foot, for a newly developed industrial building in Burlington, New Jersey. The 71,280-square-foot building on 5.7 acres at 2001 Route 130 was built on speculation along a highly desirable industrial corridor that is… Read more »
WCRE is proud to have exclusively represented 326 South Wade Realty, LLC in the sale of 326 South Wade Boulevard, Millville, New Jersey to West End Holdings, LLC. 326 South Wade Boulevard is an approximately 34,000 square foot industrial building situated on approximately 5.07 acres. The new ownership plans to use this industrial building for their distribution and supply business. This well-located… Read more »
An industrial project in Burlington County, New Jersey, being developed by Sansone Group and a real estate fund advised by Crow Holdings Capital has reached a construction milestone. The walls have been tilted at the 702,450-square-foot Tac Pal Logistics Center. The last-mile distribution facility is set to be substantially complete and ready for occupancy this… Read more »
An affiliate of East Norriton-based D2 Organization has sold a 282-acre site situated at the base of the Delaware Memorial Bridge in South Jersey which is expected to house roughly 1.7 million square feet of industrial space. Located at 373 N. Broadway in Pennsville, the property will be developed into a logistics park that will… Read more »
WCRE is proud to have exclusively represented Stellar Industrial Supply in the leasing of 13,125 SF of warehouse space at 10 Canale Drive in Egg Harbor Township from 10 Canale Drive Associates, LLC. 10 Canale Drive is an approximately 26,250 square foot industrial building situated on approximately 2.5 acres. This well-located property will be used to distribute… Read more »
Two tenants have signed leases to occupy a combined 491,000 square feet at Logan North, an industrial campus under development in South Jersey that will eventually total 3.2 million square feet when built out. SEKO Logistics, a freight and delivery company, leased 164,000 square feet in Building A at 100 Crossroads Blvd. in Logan, New… Read more »
Advance Realty Investors and Greek Development have signed up two tenants, leasing nearly 500,000 square feet, for Logan North, their 3.2 million-square-foot distribution park in South Jersey. SEKO Logistics, a global logistics freight and delivery company based in Itasca, Illinois, has signed a 164,000-square-foot lease to occupy Building A, located at 100 Crossroads Blvd. in Logan Township. The second tenant, LaserShip… Read more »
In a new sign of community opposition to warehouse sprawl, Mansfield Township in Burlington County has banned any more of the giant buildings beyond those already approved or under construction. “The township committee of the Township of Mansfield finds that additional warehouse development should not be permitted in the township,” reads the ordinance approving the… Read more »
