CT REALTY TO DEVELOP 1.7-MILLION-SQUARE-FOOT GARDEN STATE LOGISTICS PARK IN PENNSVILLE, NJ

May 22, 2022

Home » CT REALTY TO DEVELOP 1.7-MILLION-SQUARE-FOOT GARDEN STATE LOGISTICS PARK IN PENNSVILLE, NJ

Pennsville, NJ and Dallas – May 18, 2022 – CT Realty, in joint venture with PGIM Real Estate, the real estate investment and financing business of PGIM, the $1.5 trillion global asset management business of Prudential Financial (NYSE: PRU) has acquired 282 acres of industrial land for the development of Garden State Logistics Park, a 1.7 million-square-foot state-of-the-art logistics center in Pennsville, NJ. Development is already underway on the site, with delivery of the project slated for the third quarter of 2023.

“This is an exceptionally rare opportunity to assemble a critical mass of land and create a top-flight logistics project in the second largest industrial market in the country,” said Rob Huthnance, who oversees CT’s development activity in the Easte ....

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