The document summarizes the listing of Logan North Industrial Park, a 415-acre industrial site located in Logan Township, New Jersey. The property offers over 3 million square feet of potential developable space and is strategically located near major transportation infrastructure like Interstate 295 and CSX rail. The site qualifies for New Jersey's robust economic incentives program and represents a rare opportunity for investors to acquire a large, fully-entitled logistics site in a top industrial market near New York City and Philadelphia.
2. OFFERING
Cushman & Wakefield is pleased to offer for sale the 100 percent
fee simple interest in Logan North Industrial Park (the “Property”).
Logan North Industrial Park is located at the southwest corner of
Interstate 295 and U.S. Route 322 in Logan Township, Gloucester
County, New Jersey. Logan North represents an exceedingly rare
opportunity for investors to acquire a scalable industrial park of
in one of the world’s premier industrial markets. Logan North is
strategically located between New York City and Washington
DC, boasts direct access to 295 and easy access to the New
Jersey Turnpike. 40% of the United States population can be
reached within a one day drive. The site totals 414.79 acres and
can potentially yield in excess of 3 million square feet. The site
is serviced by all the necessary utilities including CSX rail. Logan
North will represent to investor the kind of opportunity that comes
along once in a career.
L O G A N N O R T H I N D U S T R I A L P A R K
PROPERTY OVERVIEW
Project Name Logan North Industrial Park
Potential Buildable SF Greater than 3M SF
Acreage ±415
Class Core A
Submarket Gloucester County
Zoning Warehouse/Distribution
Potential Clear Height Up to 40’
As of right Impervious coverage up to 80%
295
322
130324
EXIT 11
3. HIGHLIGHTS
Strategic Location
Logan 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 firms opening or relocating any North East distribution center.
Exceptional Core Market – High Demand
Logan 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 firms sourcing facilities greater than 400,000 SF. This dynamic has driven base rents to three years of
straight year over year increases in excess of 5%. This kind of rent growth is demanding the attention of institutional capital.
Best-In-Class Design
The 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 floor 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 first choice for tenants and users looking to locate in Southern New Jersey.
Proximity to Ports and Major Transportation Infrastructure
Logan 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
water access will make Logan North a must consider location for any user utilizing multi-modal transportation.
Robust Economic Incentives
Created by the Economic Opportunity Act of 2013 and broadened by the Economic Opportunity Act of 2014, GrowNJ 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 qualified area, be
in need of financial 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 benefit.
• 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 benefit to the state
• Maintain 80% of project and statewide employment for 1.5x the term of the credit
Bridgeport/Logan Township
Logan Township qualifies 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
L O G A N T O W N S H I P , N E W J E R S E Y
4. 26 Main Street, Chatham, NJ 07928 | 555 Croton Road, King of Prussia, PA 19406
For more information please contact:
Matthew Marshall
Managing Director
610 574 4286
Matthew.Marshall@cushwake.com
Jeffrey Williams
Managing Director
215 284 2026
Jeffrey.Williams@cushwake.com
Andrew Houston
Vice President
973 769 4165
Andrew.Houston@cushwake.com
SITE PLAN
Timothy Cahill
Vice President
312 424 8129
Timothy.Cahill@cushwake.
com
Michael Piscoran
Senior Vice President
312 424 8222
Michael.Piscoran@cushwake.com