Dermody Properties Leases 210,600 Square Feet To Ecommerce Company And Axion Logistics In Carneys Point

The assets involved in the transaction include two industrial properties located at 24 North Game Creek Road and 30 North Game Creek Road in Carneys Point, NJ. The total square footage for the properties is 210,600 square feet, with Dermody Properties serving as the landlord. The tenants include an undisclosed ecommerce company and Axion Logistics, which underscores the significance of logistics operations in the region.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 24 North Game Creek Road & 30 North Game Creek Road
• Market: Carneys Point, NJ
• Total Square Footage: 210,600
• Landlord: Douglas Kiersey Jr. - Dermody Properties
• Tenant: Undisclosed Ecommerce company & Axion Logistics
• Broker Representatives for Landlord: Dean Torosian, Nate Demetsky, Larry Maister & Matt Kemery - JLL
• Broker Representative for Ecommerce Tenant: Andrew Stypa - Lee & Associates
• Broker Representative for Axion Logistics: Matt Kemery - JLL

This transaction represents a significant leasing milestone, with Dermody signing two major industrial leases at LogistiCenter at Carneys Point. The ecommerce company is expanding into the full 323,750-square-foot Building 1, while Axion Logistics is leasing 105,600 square feet in Building 2. The deals indicate ongoing demand for Class A logistics space in South Jersey, leaving 158,400 square feet available for lease at the industrial campus.