Chicago-based Logistics Property Co. LLC (LPC) on July 29 announced it acquired and plans to develop Box Park Logistics Center in Burlington County. The 72.35-acre parcel will be home to a 1.2 to 1.5 million-square-foot logistics campus with up to 6 acres of parking.
Box Park Logistics Center, Burlington County. – LOGISTICS PROPERTY CO.
“This is a trophy project in one of the strongest markets in the country,” said Mark Glagola, senior vice president and Market Leader – Northeast Region at Logistics Property Company, LLC. “I couldn’t be prouder of our team’s coordinated effort getting this stellar deal across the line.”
Situated immediately off Route 130 in Cinnaminson Township, the property offers convenient proximity to Interstates 95 and 295 and the N.J. Turnpike. There is direct access to major population centers including New York, Baltimore, Washington, D.C., Boston and Pittsburgh within a one-day drive; and the entire Philadelphia metropolitan area in less than one hour.
“We’re thrilled to be working with the LPC team to market this exciting development,” said John Gartland, managing director of the Industrial Group at Cushman Wakefield. “With flexibility of design, an abundance of both trailer and car parking, and the ability to build up to 1.5 million square feet, Box Park Logistics Center promises to be a premier logistics location.”
FCL Builders is the general contractor developing the property and will commence site clearing and grading in approximately three weeks.
