D2 Organization has purchased a 76-acre property in Carneys Point, New Jersey, for $5.7 million, with plans to develop two large-scale distribution warehouses totaling 476,300 square feet. The East Norriton-based firm acquired the former farm at 965 Harding Highway from private owner Fedele DePalma. According to CEO Keith Delaney, construction is expected to begin in… Read more »
PNK Group, a New York-based industrial developer, is set to expand its footprint in the Philadelphia area with a new 270,000-square-foot warehouse planned for South Jersey. The facility will be built on a 53-acre parcel in Waterford Township, located near the northeast intersection of Routes 30 and 73 in Camden County. The project falls under… Read more »
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 »
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 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 »
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 »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1879 Old Cuthbert, Cherry Hill, New Jersey 08003. The Cheryy Hill property is available for sale. The property holds +/- 1,600 square feet that could be utilized by industrial and office users…. 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 1636 Bridgeboro Road, Edgewater Park, NJ 08010. The Edgewater Park property is available for sale. The property holds +/- 4,000 square feet on 4 acres, that could be utilized by land and… Read more »
