S hopping C enters N ew J ersey S potlight S outhern NJ
Real Estate Journal — Southern New Jersey — October 12 - 25, 2018 — 5B
M id A tlantic
At Route 55 Industrial Center, Glassboro, New Jersey Bown, Sr. of Industrial Investments leases 73,126 s/f of industrial space to May Cabinets, Inc.
LASSBORO, NJ — Industrial Invest- ments, Inc. of Blue Bell, PA, announced that it has recently signed a new long-term multi-year lease for 73,126 s/f of industrial and of- fice space with May Cabinets, Inc., at its Rte. 55 Industrial Center located at 70 Sewell St., Glassboro. The Rte. 55 In- dustrial Center is a 371,326 s/f multi-tenant light industrial complex consisting of twelve prime low cost manufactur- ing and distribution rental units. Following the lease with May Cabinets, Inc., Industrial Investments has only 2,911 s/f remaining for lease at the property. This location will serve as the new manufacturing, dis- tribution center and office headquarters for May Cabi- nets, Inc., who is an industry leader in custom commercial cabinetry & millwork. Since their founding in 2005, May Cabinets has grown to be a leader in providing the highest quality custom cabinetry and G Atlantic County has been awarded a $100,000 grant to advance plans for the creation of an aviation and technical academy at the Atlantic City International Airport. The award is from the New Jersey Economic Development Au- thority’s inaugural Innovation Planning Challenge. “This is yet another posi- tive step in the development of an aviation industry that will serve to diversify our re- gional economy,” said Atlantic County executive Dennis Levinson . “This grant along with the recent $120,000 grant award to our Atlantic County Economic Alliance for the implementation of an avia- tion strategy will allow us to leverage our assets at the Atlantic City Airport and the FAA Technical Center to at- tract new business and meet workforce demands.” “These efforts directly corre- late with Governor Murphy’s focus on bringing innovation
70 Sewell St
millwork with an impressive client list consisting of edu- cational facilities, hospitals,
and office buildings along with government projects. Michael Bown, Sr. , proj-
ect manager and principal of Industrial Investments, Inc., represented the property’s
owner in the transaction. May Cabinets, Inc. was represented in house.
Atlantic County awarded Statewide Innovation Grant Technical Center and the Na- tional Aviation Research and Technology Park. and entertainment,” added Levinson. the entire state,” said Moore. “We are extremely excited at the prospects.”
and technology jobs to New Jersey,” said Levinson, “and his interest in the state re- claiming its prominence as a global leader in innovation.” The $100,000 award will assist in developing the At- lantic County Aviation and Technical Academy that will help meet a growing national and local demand for avia- tion mechanics. A study con- ducted by Boeing estimates the need for an additional 650,000 maintenance tech- nicians over the next two decades. The skills acquired at the academy will also be applicable to wind turbine maintenance and repair. “Having a pool of highly skilled aviation and technical professionals earning salaries above the national average will improve the health of the local economy and benefit the entire region by spurring investment in this and oth- er industries and increased spending for housing, retail
“We are also encouraged by the possibility of working with Embry-Riddle Aeronautical University, the world’s premier aviation and aerospace institu- tion,” he said. “We have met with their representatives to discuss a role for the univer- sity in the academy for which they have expressed a genuine interest.” According to LaurenMoore , executive director of the At- lantic County Economic Al- liance , “Our vision has grown beyond the development of the National Aviation Research and Technology Park to the creation of an aviation and technology industry triangle that encompasses the Atlantic County aviation district, the Joint Base McGuire-Dix air- base and the Cape May County Airport and Tech Village.” “Building and supporting an aviation industry is good busi- ness for Atlantic County and
“The Atlantic County Avia- tion and Technical Academy will fill a significant void. There is currently no facility in the region with the kind of part- nerships we have to provide a trained workforce and address the current and emerging needs of New Jersey’s aviation indus- try,” concluded Levinson. In other news, with the state Legislature’s final approval of the Garden State Growth Zone bill at the Atlantic City Inter- national Airport, the Atlantic County Economic Alliance is confident the program’s incen- tives will help attract new busi- nesses to the aviation district and support a new aviation and technology cluster in New Jersey. The aviation district en- compasses a one-mile radius around the Atlantic City Inter- national Airport and includes the FAA William J. Hughes
“As our momentum continues to build, so too does the interest in Atlantic County,” said Lau- ren Moore, Jr. ACEA executive director. “We are now receiving inquiries from large national companies looking for direct access to the FAA labs and an underutilized airport as well as smaller companies seeking to grow and expand.” ACEA Board Chairwoman Brett Matik expressed her appreciation on behalf of the board to the local state legis- lators for their support and perseverance in getting the bill passed. “Many people and orga- nizations have fought long and hard to bring the Garden State Growth Zone bill across the finish line. Special thanks to Senators Sweeney, Brown and Van Drew as well as Assembly- men Mazzeo and Armato for recognizing its importance to our area.”
Made with FlippingBook - Online magazine maker