A site plan for LogistiCenter at Woolwich — Courtesy: Dermody Properties
By Joshua Burd
Dermody Properties has unveiled plans for nearly 1.2 million square feet of new industrial space in Gloucester County within a three-building, 154-acre project set to begin this spring.
The developer said the park, located at the intersection of Route 322 and Locke Avenue in Woolwich Township, will tap into the continued demand from logistics and warehouse users in the region. Plans call for buildings of 262,200 square feet, 552,585 square feet and 336,700 square feet, with modern features and easy access to Interstates 295 and the New Jersey Turnpike.
Dermody has tapped CBRE’s Mindy Lissner, Drew Green, Paul Touhey, Dan McGovern and David Gheriani as its leasing team for what it calls LogistiCenter at Woolwich.
“Southern New Jersey remains a valuable alternative for many customers looking to be along Interstate 95, and the location offers tremendous access to New York City, Philadelphia, Baltimore and Washington, D.C., all within a two-hour drive via major arterials,” said Gene Preston, east region partner at Dermody. “The market continues to attract top-tier companies looking for Class A warehouse space that has become too rare to find or too expensive in Central and northern New Jersey.”
With construction set to begin this spring, the buildings will feature 36- to 40-foot clear ceiling heights, build-to-suit office space and modern sprinkler systems, along with 50 to 110 dock high doors, drive-in doors and ample trailer and car parking, Dermody said. The developer will also make improvements to the intersection, which is two miles from I-295.
LogistiCenter at Woolwich is Dermody’s latest project in South Jersey, following its development of a modern business park in Logan Township with more than 5.5 million square feet of warehouse, distribution and manufacturing space. The firm also cited a recent labor study by CBRE, which shows that the surrounding region is home to a mix of residents with manufacturing or distribution experience, recent high school graduates looking for entry-level roles and college graduates looking for advanced or leadership roles.
The same study also shows that, compared to other nearby industrial areas, Woolwich Township has less immediate competition and an advantage when it comes to retaining local talent.
“Dermody Properties is very familiar with acquisition and development in southern New Jersey, and we’re extremely pleased that our past success in the region has afforded us this opportunity,” said Timothy Walsh, partner and chief investment officer at Dermody Properties. “We believe that southern New Jersey will continue to flourish and we will continue to seek out strategic opportunities such as this one that best suit our current and future customers.”
