MRP Industrial and Clarion Partners are moving forward with a major speculative industrial development in Burlington County. The firms are developing a 728,000-square-foot warehouse on 58 acres at 1200 John Galt Way in Florence. The site offers access to two major transportation corridors near the intersection of I-95 and Route 130. Burlington County has remained… Read more »
EQT Real Estate has acquired five fully leased industrial properties across South Jersey for a combined $105.6 million, further strengthening its presence in the region. According to property records, the Radnor-based firm purchased the assets from New York–based Link Logistics. The portfolio totals 681,947 square feet, valuing the transaction at approximately $155 per square foot…. Read more »
A California real estate investment firm has made a major acquisition in South Jersey. Oakland-based Berkeley Partners purchased a 275,000-square-foot industrial warehouse at 500 University Court in Blackwood for $36.2 million, according to public records. The seller was an entity tied to New York-based investment firm TPG Angelo Gordon. The deal equates to roughly $131… Read more »
A Pennsauken industrial building has changed hands for the second time in just over a year—this time at a nearly 30% markup. General Investment and Development, which purchased the 111,000-square-foot property at 8290 National Highway last year, has sold it for $18.95 million to an entity tied to Keystone Safety. The 100-year-old safety equipment company… Read more »
A recently built warehouse in Lumberton, New Jersey, has been sold for $34.3 million to Dalfen Industrial, according to a report on the company’s website. The 219,123-square-foot Lumberton Logistics Center, located at 1800 NJ-38, features 40-foot ceilings, two drive-ins, 36 dock doors, and 115 parking spaces. Construction began in August 2022 by Active Acquisitions and… Read more »
A vacant industrial building in Pennsauken, New Jersey, has been sold to Boston-based GID, a real estate investment firm, for $14.75 million. The 111,400-square-foot facility at 8290 National Highway will undergo significant renovations and repositioning. Located near I-95 and I-295 in Camden County, the property offers 20-foot clear heights, one drive-in door, and 15 dock-high… Read more »
A 279,600-square-foot warehouse is in the developmental phase along Admiral Wilson Boulevard in Camden, NJ. The envisioned complex will feature an additional 132,000-square-foot warehouse, collectively known as the Matrix Business Center – Admiral Wilson. Positioned along the gentle bend of Admiral Wilson Boulevard (Rt 30) between 17th and 19th streets, the property will also incorporate… Read more »
A collection of five warehouse/distribution buildings spanning 342,098 square feet in Delran and Swedesboro, New Jersey, sold. Constructed during the 1970s and 1980s, these buildings boast Class B warehouse/distribution specifications, featuring an average clear ceiling height of 22 feet, equipped with wet sprinkler systems, and offering ample loading capacity complemented by full dock packages. This… 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 1040 Industrial Drive, Unit 12 located in West Berlin, New Jersey. 1040 Industrial Drive is listed for sale with the sale price at $280,000.00. Features of 1040 Industrial Drive, Unit 12 1040… 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 »