Private equity real estate investment, development, and management company Dermody Properties announced the property’s first lease on Dec. 17. J&J Snack Foods will move into a 200,640-square-foot space in the fourth quarter of 2022.
J&J Snack Foods, which celebrated 50 years in business this year, is known for brands such as Super Pretzel, ICEE and Luigi’s. The company will use the space at 2062 U.S. Route 322 for manufacturing and distribution, as LogistiCenter at Woolwich will allow them to produce and deliver products more efficiently.
The move is expected to create 90 new jobs in southern New Jersey.
“We are pleased to welcome J&J Snack Foods as the first tenant of LogistiCenter at Woolwich,” said Dermody Partner Rob Borny in a statement. “With the announcement of the acquisition of this site earlier this year, we knew that Southern New Jersey was an attractive and viable option for many customers looking to be along Interstate 95. J&J Snack Foods’ commitment to this location substantiates our sentiments on the Southern New Jersey market.”
Two spaces in the logistics park are still available for lease. One space at 2120 U.S. Route 322 boasts 552,585 square feet of space on 93.7 acres and will include 110 dock doors, 40’ clear height ceilings and gas-fired HVAC units. Completion is expected late 2022. A second space, 2057 U.S. Route 322, will offer 336,700 square feet, is situated on approximately 41.2 acres and will feature 50 fully equipped dock doors, 36’ clear height and an ESFR fire protection system.
“Southern New Jersey 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,” said Dermody COO Elizabeth Kauchak. “We continue to strategically source opportunities for growth and investment in the region.”
Drew Green, Paul Touhey and Dan McGovern of CBRE are the leasing brokers for the project.[/vc_column_text][/vc_column][/vc_row]