Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
70K-SF Warehouse Development Planned Near Philadelphia
Faropoint, a real estate investment firm that focuses on last-mile industrial real estate, is planning a new warehouse development in Gibbstown, New Jersey, at 635 Swedesboro Road.
The groundbreaking will take place this spring. The New Jersey Turnpike and Walt Whitman Bridge are both within 15 minutes of the site, offering quick access to Philadelphia.
The ground-up project is developer Faropoint’s newest ground-up development in Southern New Jersey. A Colliers team, including Marc Isdaner, Vice Chairman, and Ian Richman, Executive Vice President, will lead leasing efforts. The warehouse will be conveniently located, with easy access to Interstate 295 and proximity to Routes 130, 322, and the Commodore Barry Bridge.
This 73,800-square-foot industrial building will feature 32-foot clear ceiling heights, 15 loading docks, two drive-in doors, a 130-foot truck court, 46 parking spaces, an ESFR fire suppression system and a 1600 amp, 480-volt electric service.
