Massachusetts Firm Buys Industrial Portfolio in South Jersey

High Street Logistics Properties has purchased a three-building industrial portfolio totaling 402,000 square feet in South Jersey.

The buyer, based in Woburn, Massachusetts,acquired 300 Richards Run in Burlington, 1090 Thomas Busch Memorial Highway in Pennsauken, and 823 E. Gate Drive in Mount Laurel. The portfolio was 100% occupied at the time of sale.

The seller was Whitesell Construction Co. of Mount Laurel, New Jersey, according to CoStar data. Terms of the transaction weren’t disclosed. 

The building on Richards Run is 85,390 square feet and fully leased by Barton & Cooney. It has 22-foot clear ceiling heights and provides several options for expansion.

The Thomas Busch Memorial Highway property is the largest of the three, at 168,737 square feet, and could also be expanded. The tenant, SupplyOne, has made a significant investment in its space, including installing heavy production and manufacturing equipment. The facility on Gate Drive, which is 147,700 square feet, is occupied by six tenants. It features an exclusive outdoor storage space, ample car and truck parking, and a 100-foot truck court.

*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.

Former A.C. Moore Distribution Center in South Jersey Trades for Nearly Double 2019 Price

An entity associated with Eaton Vance Management has paid $43.95 million for the former A.C. Moore distribution center in Berlin, New Jersey, according to Camden County property records. 

The 767,000-square-foot building at 130 Makers Ave. traded in late 2019 for $25 million.

The building was developed in 2004 by A.C. Moore for $46.3. million, according to Securities and Exchange Commission documents filed by the company. About 60,000 square feet of the space served as the company‘s headquarters with the remainder 707,000 square feet used as a distribution center, according to SEC documents. 

*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.

Amazon to Open Sorting Site in Logan in Late 2021, Township OKs Plan

LOGAN – Amazon is taking over the lease for a huge distribution center here that was left vacant in late March when Kimberly–Clark left for an even larger facility in Pennsylvania.

An Amazon “sortation” operation will set up in the nearly 600,000-square-foot facility, located at 1150 Commerce Boulevard in the Logistics Center of Logan Industrial Park. That sortation operation could start as early as October 2021, according to the site owner.

The Planning Board unanimously approved the site plan on May 13 after about an hour of testimony. The plan was submitted by the property owner, real estate investment firm BentnallGreenOak.

An Amazon spokeswoman, contacted later, would not comment on whether other sortation sites will be rolled into this one.

Maura Kennedy, the economic development manager for Amazon’s Mid-Atlantic Region, was among witnesses at the board hearing. The hearing was conducted online due to COVID–19 regulations.

Kennedy testified products from vendors will arrive at the site for sorting and consolidation, and be reshipped the same day to customers.

“And then, we put them from there into our fulfillment network, for them to be then transported to customers,” Kennedy said. “So, this is only a place where we sort items from vendors. So, say if you purchase something from a third-party seller, this is where sellers would drop off those goods so they can be sorted and then be put into our fulfillment network stream.”

There will be four shifts, seven days a week, and about 120 tractor–trailers per day will arrive at the building, she said.

Kennedy said the maximum number of workers should be fewer than 300 on a typical day, including fewer than 50 full-time employees. Employees will have fixed schedules and shifts, unlike the variable work times for Amazon delivery drivers.

Representatives for the owner testified a parking expansion study was started once it learned in early 2020 that Kimberly–Clark would leave. A representative said Kimberly-Clark, known for brands such as Kleenex and Scott, had used it as a fulfillment center.

The final plan submitted to the township comes out of discussions with Amazon, Vice President Chad Attiliis said.

“We intend to shift 126 existing parking spaces from the West to the East on site and then add an additional 322 auto stalls for a total of 448 auto stalls,” Attiliis said. “And then, add an additional 16 new motorcycle spaces, which will adequately serve Amazon at this location.”

Attorney Michael Floyd, representing the owner, stressed the building itself is not being expanded. The building first was used in 2009, under a different owner. BentnallGreenOak bought the property in 2012.

Board members voting to approve the plan were Chairman Bob Lowe, Juan Mojica, Mayor Frank Minor, Bruce Atkinson, Arthur Stone, Cynthia Mitchell, and Dave Siek.

*Article courtesy of Courier Post

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.

Freshly Continues Expansion With Lease for Second New Jersey Facility

Meal-delivery service Freshly is expanding again, with plans to open a second distribution center in New Jersey and relocate its New York City headquarters, which will more than quadruple its footprint in Manhattan.

Freshly, a leading provider of fresh prepared meals, said Monday it had signed a lease for an assembly and logistics hub at 450 Swedesboro Ave. in the Mickleton section of East Greenwich in Gloucester County, New Jersey. At 234,000 square feet, the site will be Freshly’s largest distribution center, equipped to assemble and ship 1.6 million meals a week at peak capacity.

The company, which was acquired by Nestlé USA in October, is also moving and expanding its New York headquarters. It will leave its current office at 115 E. 23rd St., where it occupies about 20,000 square feet, after signing a lease for 92,306 square feet at 28 E. 28th St., according to a Freshly spokeswoman. The company will move when a full build-out of its new space is completed, she said.

Freshly, a weekly subscription service delivering chef-cooked meals directly to customers’ doors, has been on a growth spree. Food delivery has become an increasingly important option for consumers during the pandemic, when indoor dining was temporarily banned at restaurants and some people feared leaving their homes because of COVID-19. Freshly is one of the top players in the sector, with competitors that include Blue Apron, EveryPlate, Gobble and Hello Fresh. 

In the past few months, Freshly opened new facilities at 4000 Noakes St. in Commerce, California, and 7895 Third Flag Parkway in Austell, Georgia, to increase production and order-fulfillment capacity. Freshly leases 111,260 square feet in the new California facility and 134,164 square feet at the new Georgia site.

Currently, Freshly ships more than 1 million meals a week to customers in 48 states.

Growing Customer Demand

The South Jersey distribution facility is slated to be operational by February next year and “will help Freshly meet growing customer demand, reduce the order-to-delivery cycle time to consumers, and ultimately create 340 incremental jobs in the area,” the company said in its statement. 

Freshly will continue to operate its facility at 1501 W. Blancke St. in Linden, New Jersey, where it employs 70 people.

“With Freshly’s corporate headquarters located in New York City, we’re excited to expand our footprint in the region and continue our growth in the Garden State,” Freshly founder and CEO Mike Wystrach said in a statement. 

“The addition of a new facility of this size will bring hundreds of new jobs to East Greenwich and allow us to significantly scale our meal production to move us closer to the goal of being in every household in America,” he said. “We are thankful for our partnership with Gov. Murphy and his team for their leadership in assisting us with this significant expansion of our company.”

Freshly also has operations in Phoenix, Arizona, and Savage, Maryland.

“South Jersey is the perfect place for a leading provider of fresh, healthy prepared meals to open another facility,” Murphy said in a statement. “We have seen how important food-delivery services have become during the COVID-19 pandemic, and we look forward to working with Freshly to support its growth, as well as bring new jobs to the region.”

*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.

South Jersey Industrial Space for Lease or Sale in Moorestown

1249 Glen Ave Moorestown NJ

Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now has available South Jersey industrial space for lease or sale at 1249 Glen Avenue Moorestown NJ.

The asking lease price for this industrial space in South Jersey at 1249 Glen Avenue Moorestown NJ is $10.00 sf NN. Please call for the asking sale price for this South Jersey industrial space for lease or sale.  The size of this industrial space in South Jersey available for lease or sale is +/- 20,120 sf (divisible).

Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is handing all sale and lease negotiations for this industrial space in South Jersey.

Sitting on +/- 2.91 acres of land, this South Jersey industrial space for lease or sale at 1249 Glen Avenue Moorestown NJ is available for immediate occupancy. In addition, this industrial space in South Jersey shares that tract of land with a proposed 14,400 sf rear building.

This South Jersey industrial space for lease or sale is close to Route 73, Interstate 295, and the New Jersey Turnpike. This industrial space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

There is a 5.22/1,000 sf parking ratio at this South Jersey industrial space for lease or sale at 1249 Glen Avenue Moorestown NJ through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.  This South Jersey industrial space for lease or sale also has one loading dock and a 12-foot ceiling height.

For more information about this South Jersey industrial space for lease or sale at 1249 Glen Avenue Moorestown NJ about any other South Jersey commercial properties for lease or sale, please contact Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com), Sean Kelly (856-630 5806; sean.kelly@wolfcre.com), or Jason Wolf (856-857-6301; jason.wolf@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, 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.

New warehouse could bring 130 jobs to Pemberton Township

PEMBERTON TWP. — Pemberton needs commercial development and job opportunities for residents, said Daniel Hornickel, the town’s business administrator.

And within a year, the township will get a new warehouse and about 130 jobs to go with it, according to the director of construction for 200 South Pemberton Urban Renewal LLC., the company building the warehouse.  

The 462,000 square-foot facility will sit at 200 South Pemberton Road and employ residents of Pemberton and its surrounding area, the director added. The company is building the warehouse for another business to occupy.

“That means being able to ship individual packages to consumers from the facility,” the director said. 

Urban Renewal LLC has set the foundation for the building at the South Pemberton Road site. But it probably won’t be able to open the warehouse until February or March due to a nationwide shortage of structural steel, according to company officials. 

That means jobs won’t be filled until around the end of the year, the director said. 

But township officials are willing to stay patient, according to Hornickel. That’s because Pemberton has had a tough time redeveloping its economy over the last couple decades, he said.

“We do have our share of unemployed residents,” he added.

After the September 11, 2001 attacks on the World Trade Center in New York City, the three U.S. Military bases in the Pemberton area merged into one, the Joint Base McGuire-Dix-Lakehurst, and built larger fencing and developed more on-base retail options. The changes started keeping base families away from the downtown Browns Mills district, located within Pemberton Township, just a few miles away, according to Hornickel.

Then, between 2015 and 2020, two of the town’s biggest employers, Burlington County College and a county prison and juvenile detention center, moved out of Pemberton. 

So now, township officials are looking to attract companies that can provide employment opportunities. And with their open space along South Pemberton Road, low annual tax rate of $1.027 per $1,000 of value and resident base of almost 28,000, they believe they are well-suited to become another South Jersey warehouse town. 

“A warehouse can provide for anyone,” Hornickel said. 

The director said Urban Renewal chose Pemberton because it wasn’t as sought-after by other companies building warehouses in the region.

Town officials are hoping that the warehouse is just the first step in a long-term redevelopment. In February, the township council declared a different property on South Pemberton Road a redevelopment area as well.

Hornickel said the township would like to see the other area utilized for light industrial and office purposes. The next step is for a company to make a request to the council to be designated as the redeveloper, which could happen in the next month or two, said the administrator. 

The township is also marketing vacant properties in Browns Mills for commercial redevelopment. 

“We welcome the development,” Hornickel said. 

*Article courtesy of Burlington County Times

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.

Salem County Industrial Space for Sale in South Jersey

18 Virginia Ave Penns Grove NJ

Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes South Jersey commercial real estate listings and services, is now offering South Jersey industrial space for sale in Salem County at 18 North Virginia Avenue Penns Grove NJ.

There is +/- 25,000 sf of South Jersey industrial space for sale in this South Jersey industrial building for sale that also offers +/-1,200 sf of office area. This fully refrigerated industrial space in South Jersey at 18 North Virginia Avenue Penns Grove NJ is zoned highway commercial.

The asking sale price for this South Jersey industrial building for sale, built in 1970, is $800,000. This property 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 South Jersey industrial space for sale with both public water and sewer is located on +/- .95 acres and is close to both the Delaware Memorial and Commodore Barry bridges. This South Jersey industrial building for sale has a ceiling height of between 10 feet and 20 feet.

This industrial space in South Jersey is being offered for immediate sale through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes South Jersey commercial real estate listings and services.

There are three tailgate loading docks with seals at this industrial space in South Jersey and there also is three-phase power at this South Jersey industrial building for sale along with several roof-mounted cooling units.

More than 59,000 people reside within a five-mile radius of this industrial space in South Jersey at 18 North Virginia Avenue Penns Grove NJ. The average household income in the same area near this South Jersey industrial building for sale is $65,004.

For more information about this South Jersey industrial space for sale at 18 North Virginia Avenue Penns Grove NJ., about other South Jersey industrial space for sale or lease, or about any other South Jersey commercial properties for sale or lease, please contact Phil Costa (215-799-6195; 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, 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 through our South Jersey commercial real estate brokerage firm.

South Jersey Industrial Space for Sale in Cinnaminson

2 Surrey Lane Cinnaminson 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 2 Surrey Lane Cinnaminson NJ.

This South Jersey industrial building for sale contains +/- 22,000 sf of industrial space in South Jersey and the asking sale price for this South Jersey industrial building for sale is $2.2 million.

This South Jersey industrial space for sale at 2 Surrey Lane Cinnaminson 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 2 Surrey Lane Cinnaminson NJ sits on a 1.8-acre site and the municipal zoning at this industrial space in South Jersey has been designated Light Industrial. Prospective tenants will find separate private entrances available at this South Jersey industrial building for sale.

There are three 12-foot-by-18-foot grade-level doors at this South Jersey industrial building and there is a wet sprinkler system helping to protect this industrial space in South Jersey at 2 Surrey Lane Cinnaminson NJ. There also are two types of heating at this South Jersey industrial space for sale with gas heat in the office areas and overhead forced-air units in the warehouse of this South Jersey industrial space for sale.

This South Jersey industrial building for sale at 2 Surrey Lane Cinnaminson NJ is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services.

More than 246,000 people reside within a five-mile radius of this industrial space in South Jersey at 2 Surrey Lane Cinnaminson NJ.  The average household income in the same area near this South Jersey industrial space for sale is $70,505.

For more information about this South Jersey industrial space for sale at 2 Surrey Lane Cinnaminson NJ or about any other South Jersey commercial properties for sale, please contact Sean Kelly (856-630 5806; sean.kelly@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@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.

South Jersey Industrial Space in Blackwood for Sale

109 North Black Hose Pike Blackwood New Jersey

Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm specializing in South Jersey commercial real estate listings and services, now has South Jersey industrial space for sale at 109 North Black Horse Pike Blackwood NJ.

This South Jersey industrial space for sale is a premier catering hall that also has warehouse income. There are +/- 54,530 sf of industrial space in South Jersey at this South Jersey industrial building for sale. There is a +/- 30,000 sf banquet hall at this South Jersey industrial building for sale at 109 North Black Horse Pike Blackwood NJ.

The asking sale price for this industrial space in South Jersey is $2,700,000. This South Jersey industrial space for sale at 109 North Black Horse Pike Blackwood NJ is being offered through Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services.

There is ample parking at this South Jersey industrial space for sale with 215 surface parking spaces. The banquet hall at this South Jersey industrial space for sale has three catering rooms and multiple bridal suites.

There also is warehouse and a set of private offices at this industrial space in South Jersey that currently generate is a monthly income of $6,850. This South Jersey industrial space for sale at 109 North Black Horse Pike Blackwood NJ is available for possible church use.

This South Jersey industrial building for sale at 109 North Black Horse Pike Blackwood NJ is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services.

Nearly 210,000 people reside within a five-mile radius of this industrial space in South Jersey at 109 North Black Horse Pike Blackwood NJ.  The average household income in the same area near this South Jersey industrial space for sale is $75,983.

For more information about this South Jersey industrial space for sale in Blackwood NJ or about any other South Jersey commercial properties for sale, please contact Phil Costa (215-799-6195; phil.costa@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.

Newly Renovated South Jersey Industrial Space for Sale in Cinnaminson

Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services, now has available a newly renovated South Jersey industrial building for sale at 2 Surrey Lane Cinnaminson NJ.

This South Jersey space for sale is a +/- 22,000 square-foot building and the asking sale price for this industrial space in South Jersey is $2.2 million. This South Jersey industrial space for sale at 2 Surrey Lane Cinnaminson NJ is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This South Jersey industrial building for sale is designed for two occupants and this industrial space in South Jersey has separate private entrances for each of those two occupants. This South Jersey industrial space for sale sits on a 1.8-acre lot.

There are three 12-foot by 14-foot grade-level doors at this industrial space in South Jersey and there is gas heat in office areas and overhead forced-air units in the warehouse of this South Jersey industrial building for sale.

This industrial space in South Jersey at 2 Surrey Lane Cinnaminson NJ is zoned Light Industrial and there is a wet sprinkler system installed at this South Jersey industrial building for sale.

More than 246,000 people reside within a five-mile radius of this industrial space in South Jersey at 2 Surrey Lane Cinnaminson NJ.  The average household income in the same area near this South Jersey industrial space for sale is $78,015.

For more information about this South Jersey industrial building for sale at 2 Surrey Lane Cinnaminson NJ or about any other South Jersey commercial properties for sale or lease, please contact Sean Kelly (856-630 5806; sean.kelly@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@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, 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.