LOGAN TOWNSHIP, NJ—Kenco Logistics leased 401,008 square feet in Dermody Properties' LogistiCenter at Logan industrial park. Kenco specializes in distribution and fulfillment, transportation management, material handling, real estate management and information technology.
“We are pleased to welcome Kenco to the growing list of companies at LogistiCenter at Logan,” says Gene Preston, partner, Dermody Properties' East Region Office. “We believe this building will prove to be a strong addition to Kenco's transportation and warehouse network.”
Kenco will use the new facility, located at 395 Pedricktown Rd., for storage and distribution of its customers' products. The new facility is expected to add 50 new jobs to the region initially. About 80,750 square feet of the building remains available for lease.
Marc Isdaner, Mark Chubb and Michael Zerbe of Colliers International represented Dermody Properties in the transaction. Vincent Ranalli and William Goodwin of CBRE represented Kenco. The building was designed by Ware Malcomb and Blue Rock construction is serving as the contractor for tenant improvements. Kenco is expected to move into the building in January.
“We are excited to add this facility to our nationwide network of distribution centers,” says David Caines, chief operating officer at Kenco. “We are equally excited to bring new jobs to the area.”
LogistiCenter at Logan is a 1,100-acre, master-planned class-A industrial park in Logan Township, NJ, planned for more than 5.5 million square feet of warehouse, distribution and manufacturing space. LogistiCenter at Logan is located off I-295 and the New Jersey Turnpike and is only 15 miles from the Delaware River ports in Camden, Philadelphia and Wilmington.
Its strategic location puts 40 percent of the total US population within a one-day drive. Currently, two sites remain available for sale or lease in LogistiCenter at Logan, one totaling 193,443 square feet and the other totaling 369,000 square feet.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
