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Real Estate Roundup
South Jersey real estate news and transactions.

by Staff

Last month, Wharton Industrial, a platform of real estate investment firm Wharton Equity Partners, announced its acquisition of seven Philadelphia-region industrial properties, including three in South Jersey, totaling approximately 450,000 square feet. The South Jersey properties are located in Pennsauken, Moorestown and Marlton.

NAI Mertz Senior Vice President Jonathan Klear and Executive Vice President Fred Meyer recently completed the sale of a 20-acre parcel located at 445 Rising Sun Road in Bordentown on behalf of a private owner to First Industrial Realty Trust.
First Industrial launched construction of a speculative building on the site, which faces Route 130, Rising Sun Road and Dunns Mill Road. First Bordentown will have approximately 208,000 square feet of warehouse space and include 2,950 square feet of office space. The proposed building features 36-foot clear ceiling heights, 45 trailer stalls, 42 dock doors, two ramps, ESFR sprinkler system and employee parking.  

Dermody Properties recently announced the first lease at LogistiCenter at Woolwich, a three-building industrial park spanning more than one million square feet in Woolwich Township. J&J Snack Foods will lease approximately 200,640 square feet in the building located at 2062 U.S. Route 322 beginning in the last quarter of 2022, and will use the space for manufacturing and distribution. LogistiCenter at Woolwich will expand J&J Snack Foods’ footprint along the East Coast, and is expected to create 90 new South Jersey-based jobs.  

New Road Construction Management Company has been approved as construction managers for the Gloucester County Vocational-Technical School District. New Road will provide its services for the Advanced Manufacturing and Applied Science Building, proposed at $16 million.