Business & Investment

Dermody Properties announces first lease to J & J Snack Foods at Logisti Center ℠ in Woolwich

Dermody Properties, a nationwide private equity real estate investment, development and management company dedicated to the logistics real estate sector, has announced its first lease at Logisti Center ℠ in Woowich, a three-building industrial complex of over 1 million square meters. .. Starting in the fourth quarter of 2022 at Woolridge Township, Gloucester County, NJ, J & J Snack Foods is one of the leading domestic providers of nutritious and affordable niche snack foods to food services and retail supermarkets nationwide. , 2062 Building on US Route 322.

Known for snack food brands such as Super Pretzel, ICEE and Luigi’s, J & J Snack Foods will use this space for manufacturing and distribution. Woolwich’s Logisti Center ℠ expands the company’s footprint along the East Coast, enabling it to produce and deliver products at more efficient speeds. The company’s occupancy at this facility is expected to create 90 new jobs in southern New Jersey.

“We welcome J & J Snack Foods as the first tenant of Woolwich’s Logisti Center ℠,” said Rob Borny, a partner at Dermody Properties. “The announcement of the site’s acquisition earlier this year proved that southern New Jersey is an attractive and viable option for many customers looking along Interstate Highway 95. J & J Snack Foods’ commitment to the location underscores our sentiment towards the New Jersey Southern Market. “

The Logistics Park still has two spaces for rent. Scheduled to be completed in late 2022, the 2120 US Route 322 will offer 552,585 sq ft, located on 93.7 acres, and will include 110 dock doors, a 40-foot height, and a gas-burning HVAC unit. Construction of US Route 322 in 2057, which offers 336,700 square feet for rent, will begin in the first quarter of 2022. Located on approximately 41.2 acres, the building has 50 well-equipped dock doors, 36 feet of clear height, and an ESFR fire protection system.

Elizabeth Kauchuck, Chief Operating Officer of Dermody Property, said: “We continue to strategically procure growth and investment opportunities in the region.”

CBRE’s Drew Green, Paul Touhey and Dan McGovern are leasing brokers for this project.

Dermody Properties announces first lease to J & J Snack Foods at Logisti Center ℠ in Woolwich

https://www.dcvelocity.com/articles/53285-dermody-properties-announces-first-lease-at-logisticenter-at-woolwich-to-j-j-snack-foods Dermody Properties announces first lease to J & J Snack Foods at Logisti Center ℠ in Woolwich

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