Velocity Venture Partners Sells Industrial Building in West Berlin

Velocity Venture Sold West Berlin Industrial Property

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 undisclosed buyer.

*Article courtesy of Citybiz

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.

National Debate Over Big Warehouses in Small Towns Spill Over in New Jersey

Warehouse in South Jersey

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 County — a rural area not far from Philadelphia — has been brewing and making area headlines for several weeks now. The Casella Farms Homeowners Association, representing those who live in a residential complex adjacent to the proposed industrial property, have already filed suit against Harrison Mayor Lou Manzo and the Township Committee to stop the project. Manzo didn’t immediately respond to an email seeking comment Tuesday. 

The flare-up is new, but this type of standoff has occurred again and again as real estate developers seek out space to build the distribution centers that help fulfill ever-increasing online orders to consumers. Some towns in places such as California have put temporary building moratoriums in place. 

*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.

Baking products maker pays $14.6M for newly developed Burlington building

Novacart, Burlington, New Jersey

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 just off Exit 6A of the New Jersey Turnpike. 

*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.

WCRE Completes Industrial Sale in South Jersey

326 S. Wade Millville, NJ

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 Millville property offers the owner the creative opportunity to place their business in a strong submarket with appealing characteristics for industrial distribution.

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

Phil Costa, Vice President at WCRE represented the Seller in this transaction.

For more information about Wolf Commercial Real Estate and a complete view of industrial listings for sale or lease in South Jersey and Philadelphia regions, head to www.WolfCRE.com.

Burlington County Logistics Development Reaches Construction Milestone

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 upcoming September.

Tac Pal Logistics Center is located on Route 73 in Palmyra with direct access to Route 130, Interstate 95 and the New Jersey Turnpike. The facility will feature 40-foot clear heights, 107 loading docks, 240 trailer stalls and 499 car stalls. It is currently the only vacant industrial building available over 500,000 square feet within a 30-minute drive of the site.

*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.

Developer sells 282-acre South Jersey site planned for massive industrial complex

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 include two buildings: one that spans over 1.2 million square feet and another at 512,442 square feet. 

 Terms of the deal were not disclosed. 

*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.

WCRE Completes +/- 13,125 SF Warehouse Lease in Egg Harbor Township

10 Canale Drive, Egg Harbor Township, NJ

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 industrial supply products like DeWalt and Kimberly Clark. This industrial property provides immediate access to Atlantic City Expressway & Garden State Expressway and is in close proximity to The Atlantic City Airport.

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

Ryan Barikian, Vice President at WCRE represented the tenant & Landlord in this transaction.

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.

Two South Jersey industrial buildings developed on speculation land tenants

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 Jersey, and LaserShip Logistics has leased Building F at 701 Crossroads Blvd. 

A venture between Advance Realty Investors and Greek Development is developing both of the buildings on speculation and the two leases highlight the continued demand for distribution space in South Jersey and throughout the region. Target Corp. occupies a 1.1-million-square-foot warehouse and distribution center in Logan North that sold last year for $265 million. 

*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.

Advance, Greek Development Land Two Tenants for New South Jersey Logistics Hub

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 Logistics, headquartered in Vienna, Virginia, will occupy Building F, which is located at 701 Crossroads Blvd. and has 327,000 square feet. 

Both leases were executed three months prior to the anticipated completion of the otherwise speculative projects, according to a statement Thursday from Advance, based in Bedminster, New Jersey, and Greek, based in East Brunswick, New Jersey.

*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.

Town bans new warehouses to curb sprawl

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 ban, finalized on March 2.

The measure appears to be the strongest move by any of New Jersey’s 564 municipalities to control a flood of warehouse development that opponents say chokes local roads with truck traffic, worsens air quality, and often locates the giant industrial buildings on previously undeveloped land.

*Article courtesy of NJ Spotlight News

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.