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 »
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 »
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 »
