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A new logistics hub is coming to Parsippany, developed by Advance Realty Investors.

The Bedminster-based developer announced securing construction financing for the 110,000-square-foot 249 Pomeroy Logistics Center Jan. 28. Advance also said it enlisted the JLL Northeast Industrial team to exclusively market the new Class A industrial development. Financial terms were not disclosed.

Delivery of 249 PLC is expected in October 2026. The facility sits at the interchange of Interstates 80 and 287, offering unparalleled access and visibility.

The project is classified under New Jersey’s Long Term Tax Exemption-Urban Renewal Entities program. It also benefits from a Payment in Lieu of Taxes agreement with the Township of Parsippany-Tory Hills. The town approved the PILOT in 2023.

“As long-term stakeholders in the municipalities we invest in, we are especially excited to execute on delivering a best-in-class building at 249 Pomeroy Road in Parsippany,” said Alexander Cocoziello, principal and chief investment officer at Advance Realty Investors. He also noted the direct adjacency to I-287, as well as minimized occupancy costs, due to the long-term tax exemption.

Advance Realty Investors’ industrial portfolio comprises 8 million square feet.

The JLL Northeast Industrial team leading marketing of the property includes Vice Chairman David Knee, Executive Managing Director Chris Hile, Managing Director Ignatius Armenia and Executive Vice President Ryan Milanaik.

249 PLC will feature:

• 36-foot clear heights
• 21 dock doors
• Two drive-in doors
• 4,000 amps of power capacity
• 20 trailer stalls

The build-out will provide the facility with flexibility to support one or two tenants. Additionally, it can be configured to support a range of user requirements, JLL noted. Offering optimized loading depth and dock density, the logistics center also features full counter-clockwise truck circulation.

Said Knee, “As industrial tenants continue to prioritize efficiency, labor access and transportation optionality, new construction opportunities like 249 Pomeroy Logistics Center are increasingly rare in Northern New Jersey.”

According to the announcement, 249 Pomeroy Logistics Center will serve a base population of 49 million within a four-hour drive, covering Boston to Washington.

“The ability to accommodate full-building users or efficiently demised tenants allows the property to serve a wide range of distribution and light manufacturing requirements, a critical advantage in today’s evolving industrial landscape.”

In its local third quarter 2025 industrial analysis, JLL reported a relatively low 7.6% vacancy rate in Morris County. Also underscoring continued demand for well-located space, year to date net absorption remained positive despite minimal new deliveries.