Plans for LogistiCenter at Lumberton, a 429,200-square-foot facility at 1791 Route 38 in Lumberton, call for two drive-in doors, 58 dock-high doors, a 36-foot clear ceiling height and build-to-suit office space, with an allotment of 56 trailer parking stalls that is expandable to 228. — Rendering courtesy: Dermody Properties
By Joshua Burd
Dermody Properties has acquired two development parcels in Burlington County with plans to build new high-end distribution centers totaling nearly 620,000 square feet.
In Lumberton, the firm has started site work for a 429,200-square-foot facility at 1791 Route 38, a 40.5-acre site about seven miles west of Interstate 295. Plans for LogistiCenter at Lumberton call for two drive-in doors, 58 dock-high doors, a 36-foot clear ceiling height and build-to-suit office space, with an allotment of 56 trailer parking stalls that is expandable to 228.
Dermody, a national private equity real estate investment, development and management firm, said it expects to complete the building by March 2024.
In Mount Laurel, the developer is planning a 190,470-square-foot facility on 31 acres at 2001 Briggs Road, with construction set to begin this fall and be completed by fall 2024, according to a news release. The company touted the site’s convenient access to I-295 and Center City Philadelphia, while citing Burlington County’s growing appeal as an industrial submarket.
“In such a challenging market, we feel very fortunate to be in a position to acquire properties such as these and expand our footprint within New Jersey,” said Rob Borny, Dermody’s east region partner. “Both projects will be state-of-the-art, Class A facilities that offer prime access to New Jersey’s strong labor pool, which is one of the most important factors for companies looking for warehouse and distribution space.”