GMB North America, the U.S. subsidiary of global auto parts manufacturer GMB, is relocating its headquarters and North American distribution operations from Middlesex County to a new Class A industrial facility in Burlington, New Jersey. The company has signed a lease for 156,000 square feet within a 294,000-square-foot warehouse being completed by Crow Holdings Development… Read more »
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… Read more »
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,… Read more »
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… Read more »
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… Read more »
