Penwood Real Estate Investment Management and Metrix Real Estate Services have plans to develop 130 Commerce Center, a class A, 171,000-square-foot, state-of-the-art industrial warehouse and distribution center near the Interstate 95 corridor in Hamilton Township, N.J.
The project will be constructed on a speculative basis and provide a centrally located warehouse and distribution facility for prospective logistics or ecommerce-focused companies.
“The project’s class A design and quality, its exceptional location, and the New Jersey industrial market’s robust fundamentals will undoubtedly make 130 Commerce Center a great success,” said Michael Klein, senior managing director at JLL Capital Markets, which worked on behalf of the developers arranging $12.66 million in construction financing. “The developers have demonstrated a consistent track record in delivering high-quality distribution and warehouse product, which will very likely result in the project bein
