Acquisitions Made in New Jersey, Connecticut and Pennsylvania In several deals, CoreOne Industrial has acquired six single-tenant industrial properties in New Jersey, Pennsylvania and Connecticut for a total of $28 million. The anchor of the buildings purchased by CoreOne, which is based in Norwalk, Connecticut, is a 200,000-square- foot distribution center at 2145 Center Square Road in… Read more »
Amazon plans to debut what will be its 16th fulfillment center in New Jersey in time for the holiday season next year, a more than 1 million-square-foot facility in Salem County in the southern part of the Garden State. The project in Carneys Point represents another expansion of the e-commerce giant in New Jersey, where… Read more »
A Philadelphia pet store with an expanding e-commerce presence is leasing a 58,000-square-foot warehouse in South Jersey, where the industrial vacancy rate remains low amid a hot industrial market. Monster Pets signed a seven-year, four-month lease for the full building at 601 Delran Parkway in the Swedes Run Industrial Park in Delran, Burlington County. The… Read more »
Toronto-based WPT Industrial Real Estate Investment Trust and Investment Management Corporation of Ontario purchased an industrial land parcel in Mansfield, New Jersey, for $39 million. The 61-acre site is located off Route 206 and is about two miles from the New Jersey Turnpike and Interstate 295. The joint venture plans to develop about 772,000 square feet of modern distribution… Read more »
Endurance Real Estate Group and PCCP have purchased a seven-building industrial portfolio totaling 554,000 square feet in southern New Jersey for roughly $43 million. Foxfield Industrial, a joint venture between Novaya Real Estate Ventures and Foxfield Ventures, divested the warehouse and distribution properties, which are located in Delran, Mount Laurel and Swedesboro. “The infill nature… Read more »
A direct-mail marketing company has closed a $20.2 million sale-leaseback deal for its combined headquarters and distribution facility in southern New Jersey. ICS sold its 183,000-square-foot industrial property at 100 Friars Blvd., in West Deptford to Clarion Partners Real Estate Income Fund, which is that group’s second investment. The building is fully occupied by ICS, which uses… Read more »
Industrial Investments Inc. has acquired a 21-building industrial portfolio in Camden County, New Jersey, for $16.1 million from The Bloom Organization. The sale involved 21 buildings in West Berlin, including the Bloomfield Business Park, that total 251,410 square feet. The buyer is an affiliate of Blue Bell, Pennsylvania-based Industrial Investments, while the seller, Bloom, is headquartered in… Read more »
Triangle Capital Group Sells 932,000-SF Industrial Facility in Barrington, New Jersey New York-based Sun Equity Partners purchased Barrington Business Center in Barrington, New Jersey, from Triangle Capital Group for $43 million, or about $46 per square foot. The 931,682-square-foot, two-story industrial facility at 1 Commerce Drive comprises 90 loading docks and levelators, five drive-in bays, 40- by… Read more »
Looking for South Jersey industrial space? Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker, has a number of South Jersey industrial buildings for sale or lease that are suitable for a wide range of users, from those seeking South Jersey industrial space for traditional uses such as warehousing and manufacturing, to… Read more »
The Southern New Jersey commercial real estate market continues to emerge solidly from the havoc caused by the Great Recession, but significant South Jersey office space vacancies and the possibility of rising interest rates may provide challenges for the future of the Southern New Jersey commercial real estate market, according to a new quarterly market… Read more »
