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E-commerce tenant expands while Axion Logistics leases 105,600 s/f Dermody completes 429,350 s/f of leasing at LogistiCenter ® at Carneys Point
ISSUE HIGHLIGHTS Volume 38, Issue 7 July 2026
ARNEYS POINT, NJ — Dermody an- nounced two lease transactions at LogistiCenter ® at Carneys Point, increasing occupancy at the two-building campus through a custom- er expansion and additional leased space. A direct-to-con- sumer e-commerce brand has expanded its lease to occupy the full 323,750 s/f Building 1. Meanwhile, Axion Logis- tics, a specialized third-party logistics provider, has signed a 105,600 s/f lease at Building 2. Together, the transactions represent 429,350 s/f of leas- ing activity at the 587,750 s/f campus at 24 and 30 North Game Creek Rd. in Carneys Point Twp. Full Building Expansion at Building 1 Represented by Andrew Stypa of Lee & Associates , an e-commerce customer ini- tially leased 105,000 s/f of the property in mid-2025. Dermody included an expansion option in the original lease that gave C
during this transaction. Strategic Location and Labor Access LogistiCenter at Carneys Point is in Southern NJ, span- ning Gloucester and Salem coun- ties near the midpoint of the New York-Washington corridor. The property is 1 mile from Exit 4 of I-295 and 4.2 miles from Exit 1 of the NJ Tpke., with access to the Delaware Memorial Bridge and Commodore Barry Bridge for tri-state connectivity. The facility is also within a 45-minute drive of a labor force of more than 1.5 million workers, including about 83,000 transportation and warehouse employees. LogistiCenter at Carneys Point is a two-building cam- pus totaling 587,750 s/f, with 158,400 s/f currently available for lease at 30 North Game Creek Rd. The project is rep- resented by JLL brokers Dean Torosian , executive managing director; Nate Demetsky , Vice chairman; Larry Maister , vice chairman; and Matt Kemery , managing director. MAREJ townhomes built by Wormald and NVR, Inc. Additionally, the destination will feature seven acres of dedicated park space. Construction is expected to begin this summer and will proceed in two phases. The first phase will include 100,000 s/f of retail, 332 apartments, and 320 for-sale townhomes, and is expected to be completed in late 2028. The second phase will include up to 350 apartments. Frederick Brickworks will generate significant economic benefits for the Frederick com - munity and greater Maryland region. The project is antici- pated to support approximately 5,600 jobs—including 1,300 permanent positions and 4,300 construction jobs—and gener- ate an estimated $181 million in annual business sales, $7.6 million in annual tax revenues, and $52 million in annual em- ployee compensation. MAREJ
SPOTLIGHTS
TAX ISSUES/ACCOUNTING 3-11 BROKERAGE DIRECTORY
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LogistiCenter® at Carneys Point
Harvey Hanna & Associates
the customer the opportunity to take the remaining space as its operational needs grew. The customer exercised that option within its first year of occupancy, reflecting the rapid growth of its national returns processing operations. The LogistiCenter at Carneys Point facility features 36-foot clear height, 54 dock doors and ESFR fire suppression, provid - ing the scale and throughput needed to support high-volume e-commerce operations. Axion Logistics Anchors Building 2 In March, Axion Logistics
signed a lease for 105,600 s/f at 30 North Game Creek Rd. (Building 2. Pasadena, TX- based Axion is a specialized third-party logistics provider with more than 23 years serv- ing the petrochemical, indus- trial engineering, procure- ment and construction (EPC) and power generation sectors. At LogistiCenter at Carneys Point, Axion’s operations will support receiving, storage and distribution of packaging ma- terials—including plastic con- tainers, steel drums, and corru- gated boxes. Matt Kemery of JLL represented the customer
announces executive leadership transition
John Harvey
Thomas Harvey
Plans construction start on new $450+ million mixed-use destination in Maryland Greenberg Gibbons closes on Frederick Brickworks 65-acre development property
Will Harvey
Thom Harvey
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BALTIMORE, MD — Greenberg Gibbons , one of the East Coast’s premier devel- opers, investors, and operators, announced today it has closed on the Frederick Brickworks property and will begin con- struction in July on the $450+ million, 65-acre mixed-use
UPCOMING CONFERENCES For speaking & sponsorship info., please contact: Lea at 781-740-2900 or lea@marejournal.com
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Frederick Brickworks
destination in Frederick, on the former brick manufactur- ing site that is the project’s namesake. Located along the thriving I-270 technology cor- ridor, Frederick Brickworks will pay tribute to the site’s history and create an attractive gateway into Frederick’s his- toric downtown district, which attracts more than two million visitors annually.
Frederick Brickworks will include up to 100,000 s/f of retail space anchored by a premier organic grocer and a new-to-market fitness studio. The retail portion of the mixed- use destination is already 50% leased and will feature a mix of leading retail stores and fast- casual restaurants. It will also include up to 700 contemporary apartments and 320 for-sale
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