Dermody Properties announces two land acquisitions for development in New Jersey

Dermody Properties has announced the acquisition of two parcels of land for development in the company’s East Region: LogistiCenter℠ at Lumberton in Lumberton, N.J., and LogistiCenter℠ at Mt. Laurel in Mt. Laurel, N.J.

LogistiCenter℠ at Lumberton is a planned, 429,200-square-foot logistics facility located on 40.5 acres at 1791 Route 38. Site work is under way, and the building is expected to be completed by March 2024. The LEED-certified logistics facility will include two drive-in doors, 58 dock-high doors, a 36-foot clear height and build-to-suit office space. The building’s 56 trailer parking stalls are also expandable to 228 total parking stalls.

LogistiCenter℠ at Mt. Laurel is a planned, 190,470-square-foot logistics facility on 31 acres at 2001 Briggs Rd. Construction is set to commence in fall 2023 and be completed by fall 2024. The location offers convenient access to Interstate 295 as well as the Center City District of Philadelphia, giving it a