Lee & Associates New Jersey announced the sale of the two-story building, which is occupied by a single tenant.

The partners will bring the new facility to the city's Broadway/Main Street redevelopment zone.

The property boasts 21,725 square feet.

“By taking these steps to exclude farmland from being classified as a redevelopment area or rehabilitation area, we are ensuring the protection of these vital spaces and preventing further warehouse sprawl, which will help keep New Jersey green for decades to come,” said outgoing Senate President Stephen Sweeney, a sponsor of the legislation.

According to a new report from the commercial real estate services company, 74% of survey respondents expect that demand for the space - like warehousing and supply chain facilities - will continue over the next three years, even when compared with recent elevated levels.

The relentless rise of e-commerce — spurred in part by widespread COVID-19 lockdowns — has been a bonanza for New Jersey, thanks to demand for warehousing space and so-called last-mile delivery services. But at the same time, energy prices have hit a gusher, leading to concerns about a stall in the demand for New Jersey’s warehousing and distribution services.

Taking rents are now growing faster than asking rents, reflecting voracious demand.

The Woodbridge-based real estate brokerage facilitated the sale of the property, which is situated on a 3.22-acre lot. The vacant building was granted a use variance for at least 90 luxury workforce housing units.

World Distribution Services, a leading provider of creative warehouse logistics solutions with a focus on retail distribution, transloading, and international and domestic warehouse storage, signed the complex's first lease to occupy the newly finished Building E.

A Canadian-based company offering freight delivery services throughout North America signed on for 486,812 square feet at the strategic Northeast corridor location in Burlington where it will reach approximately 50% of the country’s population within a one-day truck drive.

All warehouses built in the future must be solar-ready to reach New Jersey’s clean energy goals, writes Megan Steele of the Sierra Club New Jersey Chapter.

The facility along the New Jersey Turnpike corridor accommodates supply chain logistics needs for Vandale Industries Inc. so it can get its products to customers with limited delay.