NJ Industrial Owners Face Big Box Space Surplus

NJ Industrial Owners Face Big Box Space Surplus

A growing mismatch in New Jersey’s industrial sector between occupiers’ needs and the surge of oversized new projects is driving a split in available industrial space. Small bay properties under 50,000 square feet have a low availability rate of just 3.9% as of early August, while buildings between 50,000 and 100,000 square feet show a higher rate of 6.5%. In Northern New Jersey, where construction contractors and distributors are more concentrated, the availability of small bay space is especially tight. Areas like Kenilworth and Cranford in Union County, and Fairfield in Essex County, have no available small bay properties due to nearly a decade without new supply.

*Article courtesy of Costar

For more information about South Jersey industrial space 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 commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

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

National Firm Buys Vacant Pennsauken Building for $14.75M

National Firm Buys Vacant Pennsauken Building for $14.75M

GID Industrial has acquired a vacant industrial property in Pennsauken, New Jersey, for $14.75 million, with plans to renovate the building. The 111,400-square-foot facility at 8290 National Highway is located about 3 miles from the Betsy Ross and Tacony-Palmyra Bridges, both of which connect to I-95. The purchase price equates to $132.40 per square foot. The building features 20-foot clear heights, one drive-in door, and 15 dock-high doors, and can accommodate one or two tenants.

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space 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 commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

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

Industrial Demand Trails Burlington County Construction

Industrial Demand Trails Burlington County Construction

Burlington County, a Philadelphia suburb in southern New Jersey and a key East Coast logistics hub, faces rising availability rates despite strong tenant demand. Developers, eager to capitalize on rising industrial rents, have flooded the market with new space, outpacing current demand.

At the start of the third quarter, Burlington County had the second-highest vacancy rate among the top 50 U.S. industrial hubs, trailing only Dallas-Fort Worth’s I-45 Southeast Corridor, with an availability rate of 16.5%. This suggests a temporary oversupply in the local industrial market.

Over the past five years, industrial space in Burlington County has grown by 19.5 million square feet, a 33% increase, compared to the national average of 11% expansion during the same period.

*Article courtesy of Costar

For more information about South Jersey industrial space 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 commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

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

Prominent Flex Space for Sale in Cherry Hill

1879-Old-Cuthbert

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1879 Old Cuthbert, Cherry Hill, New Jersey 08003. The Cheryy Hill property is available for sale.

The property holds +/- 1,600 square feet that could be utilized by industrial and office users.

Features of 1879 Old Cuthbert Road

1879 Old Cuthbert Road is a zoned commerical propety with a private office, kitchenette, warehouse, bathroom, and garage door for warehouse. There are 2 spots for parking plus extra for visitors/clients. The complex is monitoried with 24 hour security cameras. The property is in close proximity to Routes 70 & 73, I-295, and NJ Turnpike.

For more information about the sale price or a tour of the industrial space, please contact Brian Goren, Senior Advisor, at (215) 799 6143 or via email Brian.goren@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

Prominent Pad Site Development Opportunities for Retail and Medical

Prominent Pad Site Development Opportunities for Retail and Medical

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for The Shops at the Crossings, 2501 Route 541, Burlington, NJ 08016. The Burlington property is available for lease.

The property holds +/- 40 acres, that could be utilized by retail, land, medical, and opportunity zone users.

Features of The Shops at the Crossings 

The Shops at the Crossings is ground lease or built-to-suit with a preliminary site plan approvals obtained. National tenants in the area incldue Raising Canes, Sleep Number, Panera Bread, and Freddy’s Frozen Custard Stand. Discount Tire and Home2Suites and Tru by Hilton will start construction this year. Additionally, there are multiple ingress/egress points from Bromley Boulevard and easy access to I-295 and the NJ Turnpike.

For more information about the sale price or a tour of the industrial space, please contact Eric Flocco, Vice President, at (609) 790 6940 or via email eric.flocco@wolfcre.com or Corey Hassman, Senior Advisor, at (856) 857 6300 or via email corey.hassman@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

Premier flex/industrial Building & land For Sale

Premier flex/industrial Building & land For Sale

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1636 Bridgeboro Road, Edgewater Park, NJ 08010. The Edgewater Park property is available for sale.

The property holds +/- 4,000 square feet on 4 acres, that could be utilized by land and industrial users.

Features of 1636 Bridgeboro Road

1636 Bridgeboro Road is ideal for car/truck repair, light industrial users, contractors, and industrial outdoor storage. The property is zoned C-Ll-1 (Commerical-Light Industrial District) and has septic/city water. Additionally, the property incldues an office, front desk, kitchenette, a solar panel array in the yard and ample industrial storage in the rear yard.

1636 Bridgeboro Road is less than 1/2 mile from heavily traveled Route 130 and is within close proximity to the NJ Turnpike, the PA Turnpike, and all bridges connecting to NJ-PA.

For more information about the sale price or a tour of the industrial space, please contact Ryan Barikian, Senior Advisor, at (856) 857 6307 or via email ryan.barikian@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

Premier South Jersey Retail Property for Sale

Premier South Jersey Retail Property for Sale

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 526 Cinnaminson Ave, Palmyra, NJ 08065. The Cinnaminson property is available for sale.

The property holds +/- 1,000 square feet on .13 acres, that could be utilized by retail users.

Features of 526 Cinnaminson Ave

526 Cinnaminson Ave is a former auto-repair shop, that is recently renovated. The property has an oversized bay and garage, a large office with traditional bay windows, 2 back storage areas and a loft area, and ample parking. Additionally, the property is within close proximity to Routes 73 & 130 and the Tacony Palmyra Bridge.

For more information about the sale price or a tour of the industrial space, please contact Eric Flocco, Vice President, at (609) 790 6940 or via email eric.flocco@wolfcre.com or Corey Hassman, Senior Advisor, at (856) 857 6300 or via email corey.hassman@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

Pennsauken Warehouses Sold for $23 Million

Pennsauken Warehouses Sold for $23 Million

A pair of Pennsauken warehouses sold for $22.95 million as part of an acquisition by upstate New York food manufacturer Baldwin Richardson Foods. In April, Baldwin Richardson announced the purchase of Pennsauken Packing Co., including its warehouses at 1550 and 1600 John Tipton Blvd. Camden County property records revealed the price. Pennsauken Packing, a subsidiary of LiDestri Food and Beverage, housed the 240,000-square-foot buildings, which include space for manufacturing, warehousing, and offices.

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space 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 commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

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

Walmart Closing Fulfillment Center

Walmart Closing Fulfillment Center

Walmart is closing a fulfillment center in South Jersey, affecting 271 workers, according to a state filing. The retail giant is relocating operations from its 705,000-square-foot facility in Pedricktown, New Jersey, to a new fulfillment center in Greencastle, Pennsylvania, a Walmart (NYSE: WMT) spokesperson said. The layoffs will be effective September 9, according to the New Jersey Department of Labor website. The Salem County facility at 2 Gateway Blvd. experienced a previous round of layoffs about a year ago, impacting 201 workers.

*Article courtesy of Philadelphia Business Journal

For more information about South Jersey industrial space 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 commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

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

More Warehouses are Being Built in Carneys Point

More Warehouses are Being Built in Carneys Point

Construction is underway on a two-warehouse complex that will provide over 1.12 million square feet of space, though the occupants have yet to be determined. The Rockefeller Group Logistics Center, which received local planning approval in late 2022, sits on a 141-acre property assembled from 13 parcels purchased from 11 different owners. “The project was designed on a speculative basis and will attract a wide range of users,” said Rockefeller Group Regional Director Heath Abramsohn on Wednesday.

*Article courtesy of Cherry Hill Courier-Post

For more information about South Jersey industrial space 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 commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

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