A logistics and shipping company is taking 59,300 square feet in Salem County, as the rural South Jersey area gains more attention as an attractive location for industrial tenants.
DB USA Logistics Inc. signed a lease at 88 Industrial Park Road in Pennsville, part of a 194,000-square-foot building constructed in 1968. Terms of the deal were not disclosed.
The two-story building is located on a 27-acre site near Route 49, Interstate 295 and the New Jersey Turnpike, all transportation assets that have boosted Salem County’s profile in recent years as demand continues to grow for properties that are well-suited for warehouse and distribution use. The area is also more affordable than others in New Jersey farther north up the Turnpike, and close to both Wilmington and Philadelphia.
DBA USA Logistics is a growing logistics services company that handles air, sea and ground deliveries, vehicle relocations, large-scale moving operations and third-party distribution, and was looking to expand beyond its operations in the New Castle, Delaware area,
The building is owned by 88 Industrial Park Rd. LLC, which is based in Bayonne. The entity bought the property for $1.94 million in 2015.
Elsewhere in Pennsville, an East Norriton developer is looking to construct a two-building, 1.75-million-square-foot warehouse and distribution center set on the site of a former power plant at the foot of the Delaware Memorial Bridge.
Just a few miles away in Carney’s Point, Amazon is working on a 1.25-million-square-foot distribution center that could employ as many as 800.
*Article courtesy of Philadelphia Business Journal
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