Plans for 249 Pomeroy Logistics Center, a 110,000-square-foot industrial development at 249 Pomeroy Road in Parsippany, call for 36-foot clear ceiling heights, 21 dock doors, two drive-in doors and 4,000 amps of power capacity. — Rendering courtesy: JLL
By Joshua Burd
Advance Realty Investors has unveiled plans to bring 110,000 square feet of new industrial space to Parsippany, part of a project that it’s now marketing alongside brokers with JLL.
The developer, which recently closed on construction financing, is eyeing an October 2026 delivery for the facility at 249 Pomeroy Road. That’s poised to draw interest from prospective tenants seeking a location at the nexus of interstates 80 and 287, plus features such as 36-foot clear ceiling heights, 21 dock doors, two drive-in doors and what Advance said was a market-leading 4,000 amps of power capacity.
Along with 20 trailer stalls, the facility known as 249 Pomeroy Logistics Center will be fully outfitted with the flexibility to house one or two tenants, the leasing team said. That could include users involved in logistics, distribution and light manufacturing operations and seeking scalable space in one of North Jersey’s most supply-constrained industrial submarkets.
“As long-term stakeholders in the municipalities we invest in, we are especially excited to execute on delivering a best-in-class building at 249 Pomeroy Road in Parsippany,” said Alexander Cocoziello, principal and chief investment officer at Advance Realty Investors. “This building will be unique for prospective tenants due to its direct adjacency to I-287, providing any future occupier with incredible marketing opportunities while boasting a long-term tax exemption that minimizes occupancy costs.”
The JLL Northeast industrial team leading the marketing effort includes Vice Chairman David Knee, Executive Managing Director Chris Hile, Managing Director Ignatius Armenia and Executive Vice President Ryan Milanaik. They noted that 249 PLC is classified under New Jersey’s Long Term Tax Exemption-Urban Renewal Entities program, which was established in 2018 to spur redevelopment in blighted areas, and benefits from a payment in lieu of taxes agreement with the Township of Parsippany-Troy Hills.
“As industrial tenants continue to prioritize efficiency, labor access and transportation optionality, new construction opportunities like 249 Pomeroy Logistics Center are increasingly rare in northern New Jersey,” Knee said. “The ability to accommodate full-building users or efficiently demised tenants allows the property to serve a wide range of distribution and light manufacturing requirements, a critical advantage in today’s evolving industrial landscape.”
The property will also have what JLL described as optimized loading depth and dock density as well as full counterclockwise truck circulation. What’s more, the site provides strong visibility along I-287 and is some 30 minutes from Newark Liberty International Airport and Port Newark-Elizabeth, delivering direct connectivity to global air and seaport infrastructure while avoiding port-adjacent congestion.
The firm added that, with immediate access to major highway networks and proximity to a deep and diverse labor pool, 249 Pomeroy Logistics Center can serve companies requiring efficient access to a population of 49 million within a four-hour drive across the Boston-to-Washington corridor. All of it in a Morris County industrial market that is stabilizing with steady tenant demand and limited new supply.
In its third-quarter 2025 New Jersey industrial analysis, JLL reported vacancy remains relatively low at 7.6 percent, while year-to-date net absorption or the change in occupied space has stayed positive despite minimal new deliveries, underscoring continued demand for well-located properties. Statewide, New Jersey recorded its largest quarterly vacancy decline in more than three years during Q3, JLL said, citing strong Class A absorption and subdued construction activity, particularly outside northern New Jersey.
