Kenco Expects to Create 50 Jobs With New Facility
Logan Township, N.J. — Dermody Properties, a national real estate investment, development and management company, specializing in acquisitions and development of logistics real estate, recently leased 401,008 square feet in its LogistiCenter(SM) at Logan industrial park to Kenco Logistics (Kenco). Kenco specializes in distribution and fulfillment, transportation management, material handling, real estate management and information technology.
Kenco will use the new facility, located at 395 Pedricktown Rd., for storage and distribution of their customers’ products. This new facility will accompany 90 other Kenco warehouse locations, and is expected to add 50 new jobs to the region initially. Kenco has leased 401,008 square feet of the building at 395 Pedricktown Rd., and 80,750 square feet remains available for lease.
Marc Isdaner, Mark Chubb and Michael Zerbe of Colliers International represented Dermody Properties in the transaction. Vincent Ranalli and William Goodwin of CBRE represented Kenco. The building was designed by Ware Malcomb and Blue Rock construction is serving as the contractor for tenant improvements. Kenco is expected to move into the building in January.
“We are pleased to welcome Kenco to the growing list of companies at LogistiCenter at Logan,” said Gene Preston, partner, Dermody Properties’ East Region Office. “We believe this building will prove to be a strong addition to Kenco’s transportation and warehouse network.”
“We are excited to add this facility to our nationwide network of distribution centers,” said David Caines, chief operating officer at Kenco. “We are equally excited to bring new jobs to the area.”
LogistiCenter at Logan is a 1,100 acre, master-planned Class A industrial park in Logan Township, N.J. planned for over 5.5 million square feet of warehouse, distribution and manufacturing space. LogistiCenter at Logan is located off I-295 and the New Jersey Turnpike and is only 15 miles from the Delaware River ports in Camden, Philadelphia and Wilmington. Its strategic location puts 40% of the total U.S. population within a one-day drive. Currently, two sites remain available for sale or lease in LogistiCenter at Logan, one totaling 193,443 square feet and the other totaling 369,000 square feet.
About Dermody Properties Dermody Properties is a privately owned logistics real estate investment, development and management firm that specializes in acquisitions and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third party logistics and distribution customers. Founded in 1960, Dermody Properties has invested in more than 70 million square feet of logistics space. To learn more about Dermody Properties, visit Dermody.com.
Kenco Logistics provides integrated logistics solutions that include distribution and fulfillment, comprehensive transportation management, material handling services, real estate management, and information technology—all engineered for Operational Excellence. Woman-owned and financially strong, Kenco has built lasting customer relationships for more than 60 years. Kenco’s focus is on common sense solutions that drive uncommon value. Also, connect with Kenco on Twitter, Facebook, LinkedIn, and the Kenco blog.