Newmark Named Exclusive Leasing Agent for LogistiCenter® at Lumberton, a New 429,200-Square-Foot Industrial Property in Lumberton, NJ

September 10, 2024 9:00 AM

Newmark announces that it has been appointed as the exclusive leasing agent for LogistiCenter® at Lumberton, a newly constructed 429,200-square-foot industrial asset located at 1775 Route 38 in Lumberton Township, New Jersey. Newmark’s Senior Managing Directors Kurt Montagano and Kyle Eaton and Associate Connor Montagano are leasing agents for the property on behalf of ownership, Dermody Properties.

The asset, which sits on 39.75 acres, is strategically designed to meet the region’s growing demand for Class A warehouse and distribution facilities. LogistiCenter® at Lumberton is state-of-the-art, LEED-certified and offers a range of features tailored to optimize logistics operations, including 36’ clear height, 58 dock doors (9’ x 10’), 56 trailer stalls, 172 future stalls approved, an ESFR sprinkler system, tilt wall construction, LED lighting and built-to-suit office space (with 2,450 square feet existing).”

“LogistiCenter® at Lumberton offers unmatched connectivity and operational efficiency for businesses seeking a best-in-class logistics or distribution facility,” said Kurt Montagano. “The property’s advanced features and strategic location position it as a strong choice for companies looking to reach over one-third of the U.S. population within a day’s drive. Two interchanges on the New Jersey Turnpike (exits 5 and 7) are easily accessible from the Route 38 location.”

The facility is part of Dermody Properties’ national LogistiCenter® brand, which represents the firm’s commitment to developing Class A logistics facilities that cater to the evolving needs of leading companies. All LogistiCenter® properties are designed to meet best practices in sustainable construction with key features such as increased clear heights and enhanced parking options.

In recent years, Burlington County has emerged as a prime logistics hub, attracting notable companies such as Walmart, Amazon, Mitsubishi Logistics, Trane, Eaton Corp, Veritiv, Grainger and Sunbasket. This cluster of leading brands underscores the region’s proven value for supply chain and distribution activities along the I-95 corridor.

About Dermody Properties
Dermody Properties is a privately-owned real estate investment, development and management firm that specializes in the acquisition 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 more than $10 billion of total capital across all platforms nationwide, having acquired and developed approximately 110 million square feet of logistics and industrial facilities. In addition to its corporate office in Reno, Nev., it has regional offices in northern and southern California, Atlanta, Phoenix, Seattle, Chicago, Dallas, Indianapolis and New Jersey. For more information, visit Dermody.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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