logan north industrial park brochure 7-17 · 2858 route 322 logan township, new jersey for more...
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2858 Route 322Logan Township, New Jersey
For more information, please contact:
Chuck FernExecutive Managing Director
732 243 [email protected]
Matthew MarshallManaging Director
610 729 [email protected]
Jeffrey WilliamsManaging Director
610 729 3009 [email protected]
Cushman & Wakefi eld of Pennsylvania, Inc.One Fayette Street - Suite 125Conshohocken, PA 19428610 772 2000
cushmanwakefi eld.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefi eld’s client and the property offered by Cushman & Wakefi eld, is incidental only, and is not intended to connote any affi liation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefi eld or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of Cushman & Wakefi eld’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
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3,027,000 SF Total Available
Industrial ParkL o g a n N o r t h
Industrial
Park
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CSX Rail Line
Industrial ParkL o g a n N o r t h
Building Square Feet Available
Building Dimensions
Building A 160,000 sf 800’ x 200’
Building B 200,000 sf 667’ x 300’
Building C 200,000 sf 667’ x 300’
Building D 200,000 sf 667’ x 300’
Building E 210,000 sf 700’ x 300’
Building F 250,000 sf 625’ x 400’
Building G 132,000 sf 600’ x 220’
Building H 1,105,000 sf 1700’ x 650’
Building I 280,000 sf 800’ x 350’
Building J 90,000 sf 750’ x 120’
Building K 200,000 sf 667’ x 300’
Total SF 3,027,000 sf
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P R O J E C T N A M E
L O G A N N O R T H I N D U S T R I A L PA R K
Potential Buildable SF Greater than 3M SF
Acreage ±415
Class Core A
Submarket Gloucester County
Zoning RCC Warehouse Distribution Centers
Potential Clear Height Up to 40’
As of right Impervious coverage up to 80%
S t r a t e g i c L o c a t i o nLogan North Industrial Park is strategically located directly off exit 11 of interstate 295. Located 90 Miles from New York City, 15 Miles from Philadelphia and 105 miles from Washington DC, Logan North is strategically located at the heart of United States’ most important consumer base. These attributes have combined to make the Southern New Jersey industrial market a must consider location for fi rms opening or relocating a bulk distribution center.
E x c e p t i o n a l C o r e M a r k e t – H i g h D e m a n dLogan North is positioned in the Southern New Jersey industrial market comprised of the Burlington, Gloucester, Camden and Salem counties. The Class A segment in this market boasts a nominal vacancy rate and build to suit projects are becoming the standard solution for fi rms sourcing facilities greater than 400,000 SF.
B e s t - I n - C l a s s D e s i g nThe Property will support best-in-class industrial design. The superior geo-tech engineering at Logan North will allow for slab- on-grade construction with live fl oor loads that exceed over 500 pounds per square foot. The Property will also feature industry leading trailer parking and loading ratios. The sites direct access to 295 compared to inferior access at competitive developments will allow Logan North to be the fi rst choice for tenants and users looking to locate in Southern New Jersey.
P r o x i m i t y t o P o r t s a n d M a j o r Tr a n s p o r t a t i o n I n f r a s t r u c t u r eLogan North’s infrastructure access is second to none. The property has direct access to 295. It is proximate to three major deep water ports, 15 Miles from the Port of Philadelphia, 93 Miles from the Ports of Newark and Elizabeth and 88 Miles from the Port of Baltimore. Additionally, the site is serviced by two Class 1 railroad, Norfolk Southern and CSX. The triple threat of road, rail and deep-water port access will make Logan North a must consider location for any user utilizing multi-modal transportation.
R o b u s t E c o n o m i c I n c e n t i v e sCreated by the Economic Opportunity Act of 2013 and broadened by the Economic Opportunity Act of 2014, Grow NJ is New Jersey’s incentive program that attracts and retains corporations through annual tax credits. It is overseen by the New Jersey Economic Development Authority (NJEDA). In order to qualify for the tax credits a project must be located in a qualifi ed area, be in need of fi nancial support, and demonstrate that the award is crucial to the applicant’s decision to remain in or relocate to New Jersey. The base grant for award is calculated according to three thresholds: jobs, capital investment and net benefi t.
• Create at least 35 jobs and/or retain 50 jobs(1)
• Make or acquire a capital investment of at least $60 per square foot for new industrial development(1)
• Yield a positive net benefi t to the state• Maintain 80% of project and statewide employment for 1.5x the term of the credit
B r i d g e p o r t / L o g a n To w n s h i pLogan Township qualifi es as a Priority Area, which provides companies with base grant of $3,000 per year, per new job created, for a term of 10 years. Retained jobs would be entitle to 50% of the new-employee base grant amount. In addition to base grant, projects may qualify for additional bonus grants. There are more than a dozen bonuses that applicants may be eligible for.
(1) Job and Investment thresholds for Gloucester County and 12 other Southern NJ counties is lower than the rest of the state