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 »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 6604 Delilah Road, Suite D, Egg Harbor Township, New Jersey 08234. The Egg Harbor Township property is available for sale and for lease. The property holds 1,846 square feet that could be… 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 18 Herbert Road, Upper Freehold, New Jersey 08691. The Upper Freehold property is available for sale. The property holds 21,300 SF total with +/- 19,800 SF of warehouse and +/- 1,500 SF… 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 2091 Springdale Road, Unit 17, Cherry Hill, New Jersey 08003. The Cherry Hill unit is available for lease. The unit holds +/- 3,655 square feet that could be utilized by flex/industrial users…. Read more »
A growing mismatch in New Jersey’s industrial sector between occupiers’ needs and the surge of oversized new projects is driving a split in available industrial space. Small bay properties under 50,000 square feet have a low availability rate of just 3.9% as of early August, while buildings between 50,000 and 100,000 square feet show a… Read more »
GID Industrial has acquired a vacant industrial property in Pennsauken, New Jersey, for $14.75 million, with plans to renovate the building. The 111,400-square-foot facility at 8290 National Highway is located about 3 miles from the Betsy Ross and Tacony-Palmyra Bridges, both of which connect to I-95. The purchase price equates to $132.40 per square foot…. 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 »