Investor eyes 586,000 sq. ft. warehouse project after buying Salem County parcels
January 13, 2023
An investment group has purchased a 48-acre development site in Salem County, seeking to expand its holdings and capitalize on growing industrial rents in the region.
According to the buyer, D2 Collins LLC, the deal includes the former Salem Business Center in Carneys Point, spanning 35 acres across three vacant parcels at 3, 4 and 7 Collins Drive, where it has secured entitlements to build three high-end warehouses totaling 586,000 square feet. The privately held firm also acquired a 10-acre parcel at 1 Collins Drive that’s home to a 78,000-square-foot office building, along with an adjacent three-acre residential outparcel.
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