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 2026. The project, excluding land costs, carries an estimated development budget of $55 million, equating to roughly $115 per square foot.

Plans call for two buildings: one at 315,700 square feet and another at 160,600 square feet. The location offers strategic connectivity, sitting just two miles from I-295 and five miles from the Delaware Memorial Bridge. With Amazon and Trek Bicycles operating nearby, Delaney sees strong demand indicators for the project.

*Article courtesy of Philadelphia Business Journal

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