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Logistics Firm Takes 400K SF at Dermody’s NJ Industrial Park
Reno, NV-based Dermody Properties leased 401,008 square feet to Kenco Logistics at LogistiCenter at Logan industrial park in Logan Township, NJ. Kenco will use the new facility, located at 395 Pedricktown Rd., for storage and is expected to initially add 50 new jobs to the region.
The facility is within a 1,100 acre, master-planned, Class A industrial park planned for more than 5.5 million square feet of warehouse, distribution and manufacturing space. Located off I-295 and the New Jersey Turnpike, and only 15 miles from the Delaware River ports in Camden, Philadelphia and Wilmington, the strategic location puts 40% of the total U.S. population within a one-day drive.
CBRE’s Vincent Ranalli and William Goodwin represented the tenant. Colliers International’s Marc Isdaner, Mark Chubb and Michael Zerbe negotiated on behalf of the landlord.
Kenco is expected to move into the building next month.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Lease