Meiya Warehousing has leased 142,000 square feet of industrial space at 200 S. Pemberton Road in Pemberton, New Jersey. The lease expands the company’s footprint in Southern New Jersey’s growing logistics market. Additionally, the location offers convenient access to major regional transportation routes. The 462,345-square-foot distribution facility was completed in 2022. An entity affiliated with… Read more »
Costco Wholesale has renewed its lease at LogistiCenter at Logan in Gloucester County. The agreement covers 100,134 square feet of industrial space. The distribution facility is located at 2100 Center Square Road in Logan Township. Additionally, the property sits within the larger LogistiCenter Logan business park. Dermody Properties owns the 365,760-square-foot warehouse building. The company… Read more »
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… Read more »
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… Read more »