A joint venture between Wharton Industrial and Walton Street Capital has sold Twinbridge Industrial Park, a 1.3-million-square-foot industrial portfolio in Pennsauken, for $194.5 million, in one of the largest industrial deals in New Jersey this year. An affiliate of New York-based DRA Advisors bought the 37-building portfolio. The average building is 35,000 square feet. In… Read more »
WCRE is proud to have exclusively represented ATN Consulting, Inc (Buyer) and Thomas Garvey Trust (Seller) in the recent investment acquisition of 208 South Route 73 in Winslow Township, New Jersey. This fully leased 54,252 SF industrial building is situated directly on the heavily traveled Route 73 corridor providing convenient access to Atlantic City Expressway, and nearby numerous local amenities. ATN Consulting Inc…. Read more »
Faropoint has added to its growing portfolio in the region with the purchase of a 119,000-square-foot industrial building in South Jersey for $13.05 million. The Israel-based real estate company bought the property from Newvine Corp. The building, located at 1654 High Hill Road in Swedesboro, is part of a 12-acre property. Thomas Scientific is the… 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 605 Stiles Avenue in Maple Shade, New Jersey. The Maple Shade property is available for sale or lease with two buildings and a pad site. The first building is +/- 2,000 square-feet,… 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 1771 S. Burlington Road and it’s neighbor, 1779 S. Burlington Road in Bridgeton. The Bridgeton property is available for sale.1771 S. Burlington is situated on +/- 20 acres of land, while 1779… Read more »
Velocity Venture Partners purchased 436 Commerce Lane in West Berlin, New Jersey back in August 2020 for $2,700,000. Just weeks after closing, Velocity leased the sole vacancy to Walmart. The building features five drive-in loading doors, six loading docks, 18′ ceilings, and is well-located just off Route 73. Velocity sold the building for $4,200,000 to an… Read more »
Battles between concerned residents and warehouse developers have become increasingly common all over the country. And in New Jersey, so many opponents of a proposed distribution hub packed a hearing that the session is being rescheduled. The concern over Russo Development’s 2.1 million-square-foot project, slated for a roughly 160-acre site along Route 322 in Gloucester… 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 »
WCRE is proud to have exclusively represented 326 South Wade Realty, LLC in the sale of 326 South Wade Boulevard, Millville, New Jersey to West End Holdings, LLC. 326 South Wade Boulevard is an approximately 34,000 square foot industrial building situated on approximately 5.07 acres. The new ownership plans to use this industrial building for their distribution and supply business. This well-located… Read more »
An industrial project in Burlington County, New Jersey, being developed by Sansone Group and a real estate fund advised by Crow Holdings Capital has reached a construction milestone. The walls have been tilted at the 702,450-square-foot Tac Pal Logistics Center. The last-mile distribution facility is set to be substantially complete and ready for occupancy this… Read more »
