Two industrial buildings in Bellmawr, NJ, totaling nearly 100,000 square feet, sold for $12.6 million. Camber Real Estate Partners of Montclair acquired the side-by-side Kor Center properties at 420 and 440 Benigno Blvd. from Hoboken-based Faropoint, with additional millions planned for capital upgrades. The buildings measure 46,000 and 52,000 square feet, respectively. *Article courtesy of… Read more »
DH Property Holdings and DRA Advisors have acquired a 273,000-square-foot Class B industrial facility in Delanco, New Jersey, for $30.5 million, reflecting strong tenant interest in this type of asset, according to the New York-based investors. At the time the property at 800 Coopertown Road went under contract, DH Property Holdings founder Dov Hertz anticipated… Read more »
A major logistics company is set to create around 1,000 jobs in Cinnaminson after securing the region’s largest industrial lease of the year. Performance Team, a California-based logistics provider and part of the global shipping leader Maersk, has leased the entire 1.2 million-square-foot Box Park Logistics Center at 995 Taylors Lane, according to recent reports…. Read more »
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 »
A former power plant in Pennsville Township has been transformed into the Garden State Logistics hub, located next to the Delaware Memorial Bridge. The site now features two industrial buildings totaling 1.7 million square feet and is expected to create hundreds of new jobs. The redevelopment, which earned a 2025 CoStar Impact Award for commercial… 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 1900 South 2nd Street, Millville, New Jersey 08332. The Millville property is for sale. The property holds +/- 1.61 acres fenced with +/- 5,400 square feet warehouse with +/- 750 square feet… Read more »
Velocity Venture Partners LLC has fully leased Velocity 55 Industrial Park in Pitman, Gloucester County following a multimillion-dollar renovation and 85,000 square feet of leasing activity. Acquired in 2022, the four-building small-bay portfolio now boasts 10 lease renewals and six new tenants, including: US Med-Equip, a national medical equipment distributor South Jersey Gas, serving 700,000+… Read more »
Camber Real Estate Partners has partnered with Invesco Real Estate to acquire a five-building industrial portfolio in southwest New Jersey. The properties, totaling 384,335 square feet, are located in Burlington County, near the New Jersey Turnpike Exit 5 Exchange, a key last-mile logistics hub. The seller was Whitesell Construction Co. of Mount Laurel, New Jersey,… 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 142 Blackwood Barnsboro Road, Sewell, New Jersey 08080. The Sewell property is for sale. The property holds 4,500 square feet total on 1.13 acres that could be utilized by industrial users. Features… Read more »
Walmart is set to close another South Jersey warehouse as part of a broader effort to revamp its distribution strategy. In a notice filed with the New Jersey Department of Labor & Workforce Development, the company revealed plans to cut 113 jobs at its Swedesboro location by March 7, 2025. A Walmart representative confirmed that… Read more »
