S hopping C enters S outhern NJ S potlight
M id A tlantic Real Estate Journal — Southern NJ — January 21 - February 17, 2022 — 7B
www.marej.com
Northbridge Partners sells 1224 North Main St. NAI Mertz’s Scott Mertz represents buyer in sale of 115,422 s/f industrial building in Moorestown
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occupancy at this facility is expected to create 90 new jobs in Southern New Jersey. “We are pleased to welcome J&J Snack Foods as the first tenant of LogistiCenter at Woolwich,” said Rob Borny , partner at Dermody Proper- ties. “With the announcement of the acquisition of this site earlier this year, we knew that Southern New Jersey was an attractive and viable option for many customers looking to be along In-95. J&J Snack Foods’ commitment to this location substantiates our sentiments on the Southern New Jersey market.” Expected to be completed in late 2022, 2120 US Rte. 322 will offer 552,585 s/f situated on 93.7 acres and will include 110 dock doors, a 40’ clear has frontage on Rte. 130, Ris- ing Sun Rd., and Dunns Mill Rd. Klear and Meyer of NAI Mertz, in conjunction with Cushman & Wakefield's Jules Nissim , vice chairman and Kimberly Bach, sr. as- sociate, have been selected by First Industrial to handle leasing for the building known as First Bordentown Logistics Center. First Bordentown will total approximately 208,000 s/f of warehouse and include 2,950 s/f of office space. Deliv- ery is slated for late 2022. “The site for this class A building is an ideal location for distribution and industrial us- ers given its close proximity to major highways offering many transportation options, and a local labor pool of hundreds of thousands of talented and eager workers,” said Klear. “First Industrial is a long- time client of our firm and we have built a strong rela- tionship with their team of professionals for many years. They always deliver quality products and we are thrilled for the opportunity to bring a quality tenant to their build- ing. Our expert knowledge of
height, and gas-fired HVAC units. Construction on 2057 U.S. Rte. 322. This building is situated on 41.2 acres and will feature 50 fully equipped dock doors, a 36’ clear height and an ESFR fire protection system. “Southern New Jersey con- tinues to attract top-tier com- panies looking for class A warehouse space that has become too rare to find or too expensive in Central and Northern New Jersey,” said Elizabeth Kauchak , chief operating officer at Dermody Properties. “We continue to strategically source opportuni- ties for growth and investment in the region.” DrewGreen, Paul Touhey and Dan McGovern of CBRE are the leasing brokers for the project. MAREJ “First Bordentown Logistics Center will be a great addition to our New Jersey portfolio and will enable us to meet strong tenant demand in this significant logistics corridor that serves the East Coast consumption zone,” said John Hanlon , executive director of First Industrial Realty Trust. “We have enjoyed success with the three nearby buildings we already own totaling 453,000 s/f and will continue to explore new investments in this high growth market that is ben- efiting from strong highway infrastructure and a talented and diverse local workforce.” The proposed building fea- tures 36’ clear ceiling heights, approximately 56’ x 50’ col- umn spacing, 45 trailer stalls, 42 dock doors, two ramps, ESFR sprinkler system and abundant employee parking. Corporate neighbors include Grainger, Genesis Logistics, Netflix, United Supply, Ow- ens & Minor and BJ’s, among others. MAREJ the area and local business climate will be sure to help make this project a complete success,” added Meyer.
OORESTOWN, NJ — NAI Mertz , a full- service commercial
real estate firm conduct- ing business throughout the Uni ted States, and g l o b a l l y , from its re- gional offices in New Jer-
Scott Mertz
GLOUCESTER COUNTY, NJ — Dermody Properties announced the first lease at LogistiCenter at Woolwich, the three-building-industrial park spanning more than one million s/f in Woolwich Twp., Gloucester County. Beginning in the fourth quarter of 2022, J&J Snack Foods, one of the nation’s leading providers of nutritious and affordable niche snack foods to foodservice and retail supermarket outlets across the country, will lease 200,640 s/f in the building located at 2062 U.S. Rte. 322. Known for snack food brands such as Super Pretzel, ICEE and Luigi’s, J&J Snack Foods will use the space for manu- facturing and distribution. LogistiCenter at Woolwich will expand the company’s sey, greater Philadelphia and northeastern PA, announced Scott Mertz, SIOR , presi- dent, completed the sale of a 115,422 s/f industrial building located at 1224 North Main St. in Moorestown. Mertz represented the buyer, OPEX, in the transaction. The seller was Northbridge Partners . OPEX is a family owned and operated corporation that pro- vides warehouse, and document and mail automation solutions. This is a new location for the company which has two addi- tional locations in Moorestown and one in Pennsauken. “I am pleased to have found this ideal location for OPEX, as it continues to expand its operations throughout south-
1224 North Main St.
New Jersey Tpke. and Rte. 38, as well as several retail and dining options. In a separate transaction, NAI Mertz announced that Jonathan Klear , senior vice president and Fred Meyer, SIOR , executive vice presi- dent, completed the sale of a 20-acre parcel located at 445 Rising Sun Rd. in Bordentown, NJ on behalf of a private own- er to First Industrial Realty Trust, Inc. First Industrial is launching construction of a speculative building on the site, which
ern New Jersey,” said Mertz. “Industrial properties are com- manding significant demand in the state from tenants, buyers and investors alike, so securing this sale was both a challenging and rewarding experience,” he added. Situated on an 8-acre lot, 1224 North Main St. is a single-story industrial build- ing offering ample tenant parking, 22-foot clear ceiling heights, 12 loading docks and one drive-in door. It is convenient to several major highways including I-295, the
Dermody Properties announces 200,640 s/f lease at LogistiCenter at Woolwich to J&J Snack Foods
LogistiCenter at Woolwich
deliver products at a more efficient rate. The company’s
footprint along the East Coast, allowing them to produce and
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