FRP Development Corp, a leading real estate development company, announced today the completion of Logistics Center at Hamilton, delivering 170,800 square feet of Class A logistics space to Hamilton Township, New Jersey. Spearheaded by a joint venture between FRP and global real estate manager DWS, the development brings modern, efficient, and sustainable logistics space in an industrial real estate market that continues to experience strong demand for new logistics space.
Strategically located in the Hamilton submarket at the intersection of I-195 and Route 130, the property provides direct access to major transportation corridors including I-95 and I-195, connecting tenants to major markets such as Philadelphia located approximately 40 miles and New York City about 60 miles away. The site also offers convenient proximity to Newark Liberty International Airport, Philadelphia International Airport, and the ports of New York/New Jersey and Philadelphia. With approximately 7.8 million consumers within a one-hour drive, the location is ideally suited for last-mile distribution serving both metropolitan areas, as well as access to a strong labor pool in nearby Trenton.
“Completing our first industrial development in New Jersey marks an important milestone as we continue expanding our logistics platform into one of the most supply-constrained and strategically important markets on the East Coast,” said Mark G. Levy, Chief Investment Officer of FRP Holdings, Inc. “Hamilton’s central location between New York and Philadelphia, combined with strong regional fundamentals, positions Logistics Center at Hamilton to meet the evolving needs of modern logistics users. We see significant opportunity in this market and look forward to delivering high-quality space that will support our tenants’ long-term growth.”
Logistics Center at Hamilton, situated on approximately 15 acres and includes 3,000 square feet of spec office space, is LEED (Leadership in Energy and Environmental Design) Gold Certified, reflecting its commitment to sustainable design, energy efficiency, and environmentally responsible construction. The industrial facility is designed to accommodate either a single-user occupant or multiple tenants seeking a modern, high-efficiency distribution footprint in a prime infill location. The building features 36-foot clear heights, 185 parking spaces, 27 trailer positions, 27 dock-high loading doors with 40,000-pound levelers, dock bumpers and seals, as well as two drive-in doors.
Leasing efforts for the property are being led by KBC Advisors leasing agents Marc Petrella, Andrew Siemsen, and Michael Kimmel. The warehouse development is equipped with 2,000 amps of power, motion-sensing LED lighting, and advanced exterior lighting controls to support operational efficiency. The logistics center is also conveniently located near a wide range of amenities, including Home Depot, Walmart, Lowe’s, and the United States Postal Service, as well as major logistics users such as Amazon and FedEx nearby.
FRP’s active Class A logistics portfolio includes developments across key growth markets, including Logistics Center at Parsippany, a 140,031-square-foot warehouse project under development in nearby Morris County, New Jersey; Logistics Center at 595, totaling 182,773 square feet across two buildings in Davie, Florida; Logistics Center at Lakeland, a 201,420-square-foot facility currently under construction in Central Florida situated between the Tampa Bay and Orlando metro areas; and Camp Lake Commercial Center, a 1.38 million-square-foot, three-phase industrial project in Minneola, Florida. The firm also recently delivered phase I of Logistics Center at Delray, along U.S. 441 in South Florida further expanding its footprint in high-demand infill logistics markets.
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