TA Realty Buys Fully Leased South Jersey Industrial Facility

TA Realty has purchased a newly built industrial facility at 1950 River Road in Florence, New Jersey, on a forward basis from Carson Cos., which developed the property.

The 486,812-square-foot Burlington County warehouse was completed this year and was fully leased leased to LC Logistics Services at the time of the sale. Financial terms of the sale were not disclosed.

LC Logistics was attracted to the facility, which is located adjacent to the New Jersey Turnpike and the Delaware River, due to its “best in class building specifications, robust parking capacity and ideal logistics dynamics,” according to Lee & Associates, which brokered both the sale and LC Logistics’ lease agreement. LC Logistics’ 10-year lease term is valued at over $47 million, according to Lee & Associates.

*Article courtesy of CoStar

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

WCRE Completes 23,000 SF Flex Sale

WCRE is proud to have exclusively represented Bernhardt Enterprises in the sale of 460 Black Horse Pike in Blackwood, New Jersey.

460 Black Horse Pike is an approximately 23,000 square foot flex building. This highly visible property contains 16,000 SF of industrial/warehouse space and 7,000 square feet of office/retail space.  This well-located property provides direct access to Route 168 and is minutes from Route 42.

The successful sale of this property adds to WCRE’s growing number of successful flex transactions in the Southern New Jersey region.

Mike Scanzano, Senior Advisor at WCRE represented the Buyer and Seller in this transaction.

WCRE Completes Flex Sale in Cinnaminson, New Jersey

2 Surrey Lane Cinnaminson NJ

WCRE is proud to have exclusively represented Snacky Ventures, LLC in the sale of 2 Surrey Lane in Cinnaminson, New Jersey to ESTI Warehouse.

2 Surrey Lane is an approximately 22,000 square foot flex industrial building situated on approximately 1.8 acres. This well-located warehouse property is broken into 19,500 SF of industrial/warehouse space and 2,500 square feet of office space.

2 Surrey Lane provides direct access to Routes 130 & 90 and is minutes from Betsy Ross & Tacony Palmyra Bridges. 

The new owner will be relocating their tire distribution warehouse from Long Island, New York to Cinnaminson, New Jersey.

The successful sale of this property adds to WCRE’s growing number of successful Industrial transactions in the Southern New Jersey region.

Sean Kelly, Senior Advisor at WCRE represented the Buyer and Seller in this transaction.

Rockefeller Group Starts Industrial Project in Central New Jersey

Developer Rockefeller Group is building a 345,600-square-foot distribution center in Burlington County in New Jersey.

The New York real estate firm has started construction of the Rockefeller Group Logistics Center at 2575 Route 206 in Easthampton. It will be located on a 27.64-acre parcel roughly 8 miles from Exit 7 of the New Jersey Turnpike. 

Rockefeller Group purchased the property in September, and the project is slated to be completed in the fall of next year.

The property will include 96 trailer spaces, 384 auto parking spaces, and a 185-foot truck court with a 60-foot concrete apron. The state-of-the-art facility will also include 54 dock doors with two drive-in doors, 36-foot-clear ceiling heights, 4,000 square feet of speculative office space, and LED lighting.

*Article courtesy of CoStar

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

WCRE Completes 22,000 SF Industrial Sale in Cinnaminson, New Jersey

2 Surrey Lane Cinnaminson NJ

WCRE is proud to have exclusively represented Snacky Ventures, LLC in the sale of 2 Surrey Lane in Cinnaminson, New Jersey to ESTI Warehouse.

2 Surrey Lane is an approximately 22,000 square foot flex industrial building situated on approximately 1.8 acres. This well-located warehouse property is broken into 19,500 SF of industrial/warehouse space and 2,500 square feet of office space.

2 Surrey Lane provides direct access to Routes 130 & 90 and is minutes from Betsy Ross & Tacony Palmyra Bridges. 

The new owner will be relocating their tire distribution warehouse from Long Island, New York to Cinnaminson, New Jersey.

The successful sale of this property adds to WCRE’s growing number of successful Industrial transactions in the Southern New Jersey region.

Sean Kelly, Senior Advisor at WCRE represented the Buyer and Seller in this transaction.

*Article courtesy of WolfCRE.com

Velocity Venture Partners adds to its South Jersey holdings with $14.25M purchase

Velocity Venture Partners has paid $14.25 million for Stow Road Corporate Park in Marlton, growing its South Jersey presence to nearly 2 million square feet. 

The property comprises five, single-story flex buildings totaling 160,000 square feet at 8, 9, 10, 12 and 14 Stow Road. Ellington Management Group was the seller. Jonathan Klear and Fred Meyer of NAI Mertz arranged the transaction. Velocity had looked at the Stow Road complex during the summer of 2020 as an off-market acquisition but a deal couldn’t be worked out until now. 

Velocity plans to invest between $2 million and $3 million in upgrades to the buildings and rebrand it as Velocity Business Park. The addition of 20 extra loading areas, evenly splitting the space between office and flex, and replacing the roofs are among the improvements that will be made. 

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Industrial Space for Sale in Penns Grove

18 Virginia Ave Penns Grove NJ

Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is now offering South Jersey industrial space for sale in Penns Grove NJ.

This industrial space for sale in South Jersey is a +/- .95-acre parcel on 18 North Virginia Avenue Penns Grove NJ. This industrial space for sale in Penns Grove was built in 1970.

The asking sale price for this industrial space for sale in South Jersey on 18 North Virginia Avenue Penns Grove NJ is $800,000. This South Jersey industrial space for sale is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services.

This industrial space for sale in South Jersey on 18 North Virginia Avenue Penns Grove NJ is a +/- 25,000 sf fully refrigerated building and there also is a +/- 1,200 sf office area at this industrial space for sale in Penns Grove.

There are ceiling heights of between 10 feet and 20 feet at this industrial space for sale in Penns Grove and there are several roof-mounted cooling units at this South Jersey industrial space for sale on 18 North Virginia Avenue Penns Grove NJ.

This industrial space for sale in South Jersey on 18 North Virginia Avenue Penns Grove NJ has three-phase power and, coincidentally, there are three tailgate loading docks with seals at this South Jersey industrial space for sale.

Nearly 60,000 residents live within five miles of this industrial space for sale in Penns Grove.  The average household income in the same radius of this industrial space for sale in South Jersey is $65,004.

For more information about this South Jersey industrial space for sale on 18 North Virginia Avenue Penns Grove NJ or about any other South Jersey commercial properties for sale or lease, please contact Phil Costa (609-680-4942; phil.costa@wolfcre.com) or Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, industrial space properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

Dermody Properties Breaks Ground on 154-Acre Logistics Park in South Jersey

Dermody Properties has broke ground on a 154-acre logistics park in South Jersey, a region where industrial space remains in high demand.

The three-building, 1.2 million square-foot logistics park, called LogistiCenter at Woolwich, is located at the intersection of Route 322 and Locke Avenue in Woolwich Township in Gloucester County. Dermody plans to make significant improvements to the intersection in conjunction with the development of the park.

LogistiCenter at Woolwich includes a 262,200-square-foot facility at 2062 U.S. Route 322, a 552,585-square-foot facility at 2120 U.S. Route 322and a 336,700-square-foot building at 2057 U.S. Route 322. Each building is set to feature a 36- to 40-foot clear height, build-to-suit office space, ESFR fire protection systems, 50 to 110 dock-high doors, drive-in doors and ample trailer and car parking. 

The logistics park is less than 2 miles from Interstate 295 and less than 3 miles from Interstate 95. Because of its proximity to Philadelphia and Wilmington, the park’s direct highway will give tenants the ability to reach 33% of the U.S. population in a single day’s drive and 3 million people within a 40-minute drive, Dermody said in a press release announcing the start of construction. 

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

$265M sale of Target-leased distribution center in South Jersey sets new record for price per square foot

A 1.1-million-square-foot warehouse distribution center leased to Target Corp. in Logan, New Jersey, has traded for $265 million.

Torchlight Investors of New York bought the newly developed building at 300 Creekview Ave. and a nearby lot at 400 Crossroads Blvd. The sale came in at $240 a square foot and 2.98% cap rate, according to sources.  The sale price on a per square foot basis supplants a high water mark set over the summer when Watson Land Co. paid $107.74 million, or $201 a square foot, for a pair of industrial buildings in South Jersey. Watson bought a 283,040-square-foot building at 100 Huff Lane, and a 252,750-square-foot building at 191 Harmony Road, in East Greenwich.

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space for sale or lease in South Jersey or about any other South Jersey properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Industrial Space for Sale on Wade Boulevard in Millville

326 S. Wade Millville, NJ

Wolf Commercial Real Estate, a premier South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is now offering South Jersey industrial space for sale at 326 South Wade Boulevard Millville NJ.

This South Jersey industrial space for sale sits on five acres of land and this South Jersey industrial space for sale has 34,000 sf of industrial space in South Jersey.

The asking sale price for this industrial space in South Jersey is $2,040,000. This South Jersey industrial space for sale at 326 South Wade Boulevard Millville NJ is being offered by Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services.

This South Jersey industrial space for sale at 326 South Wade Boulevard Millville NJ also has 1,500 of office space. This South Jersey industrial space for sale at 326 South Wade Boulevard Millville NJ has four dock-height loading doors and there also are two 14-feet by 14-feet drive-in doors at this industrial space in South Jersey.

The ceiling heights at this South Jersey industrial space for sale are from 16 feet to 40 feet at this South Jersey industrial space for sale. This South Jersey industrial space for sale is in the Mike Lascarides Industrial Park and this South Jersey industrial space for sale is zoned “Z-1” for general industries such as warehousing and manufacturing.

This South Jersey industrial space for sale is located within a half-mile of Route 55 and there is easy access to both Route 47 and Route 49 from this industrial space in South Jersey. Purchasers of this South Jersey industrial space for sale will find it is close to banks, restaurants, and retailers.

Nearly 40,000 people reside within a five-mile radius of this industrial space in South Jersey at 326 South Wade Boulevard Millville NJ.  The average household income in the same area near this Southern New Jersey industrial space for sale is $65,131.

For more information about this South Jersey industrial space for sale at 326 South Wade Boulevard Millville NJ or about any other South Jersey commercial properties for sale, please contact Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.