DNA Motoring, a Southern California company that provides products serving the automotive industry, is expanding its distribution network with a new 300,700-square-foot building in Florence, N.J. The company signed a long-term lease on the building at 839 Railroad Ave. It is located on 31 acres near Route 130, I-95 and has access to the New… Read more »
Looking to take advantage of the still-rising demand for industrial space, Dermody Properties is slated to begin construction this spring on a roughly 1.2 million-square-foot logistics park on a 154-acre site in South Jersey. Dermody, based in Reno, Nevada, plans three buildings at its LogistiCenter at Woolwich development, which is located in Woolwich Township in Gloucester County…. Read more »
Maguire Hayden has expanded its industrial holdings and paid $23.1 million for a South Jersey building that houses operations for Amoroso’s Baking Co., according to property records. The 382,000-square-foot building at 151 Benigno Blvd. in Bellmawr was sold by 151 Partners LLC and Quattro Foods Group LLC, which are both affiliates of the Amoroso family… Read more »
A retail center anchored by a ShopRite grocery store in the suburbs of Philadelphia has traded hands. Mill Pond Village, a 94,550-square-foot shopping center at 380 Egg Harbor Road in Sewell, New Jersey, was sold. The sale price wasn’t disclosed. ShopRite, a dominant grocer in South Jersey, has been an anchor at the Gloucester County shopping center… Read more »
A 117-acre industrial site in South Jersey has sold for $110.5 million, paving the way for the construction of two speculative Class A distribution buildings. A joint venture between Clarion Partners and Baltimore-based MRP Industrial bought the expansive property at 1900 River Road in Burlington Township from Boston-based Stag Industrial, which paid $61.5 million for… Read more »
Stag Industrial, a real estate investment trust, said it sold a vacant distribution warehouse in Burlington, New Jersey, in the state’s biggest industrial sale by total price this year. The company, based in Boston, said it sold 1900 River Road, a roughly 1 million-square-foot facility that was built in 1992, for $172 million to an undisclosed… Read more »
Faropoint, an Israel-based real estate investment company with U.S. operations in Memphis, has acquired the Runnemede Corporate Center in South Jersey for $29.37 million. The properties total 304,077 square feet and include four development sites that can accommodate nearly 125,000 square feet of additional space. The existing buildings are located at 150, 155, 160, 165,… Read more »
Matrix Development Group is planning to develop a proposed $20 million, 145,390-square-foot distribution center on speculation along Admiral Wilson Boulevard in Camden. The project on roughly 30 acres at the intersection of South 17th Street and Admiral Wilson Boulevard could potentially produce upwards of 350 to 400 jobs and provide a boost to a beleaguered… Read more »
A logistics and shipping company is taking 59,300 square feet in Salem County, as the rural South Jersey area gains more attention as an attractive location for industrial tenants. DB USA Logistics Inc. signed a lease at 88 Industrial Park Road in Pennsville, part of a 194,000-square-foot building constructed in 1968. Terms of the deal were… Read more »
An East Norriton developer is in the midst of securing final approvals to construct a two-building, 1.75-million-square-foot warehouse and distribution center at a unique site in Salem County. The D2 Organization is closing in on the regulatory finish line for the Garden State Logistics Park, which would include a 1.2-million-square-foot building and another 525,000-square-foot property… Read more »
