NOVAYA FOXFIELD INDUSTRIAL COMPLETES CONSTRUCTION ON 122,000 SF CLASS-A INDUSTRIAL/DISTRIBUTION BUILDING
Novaya Foxfield Industrial LLC (Foxfield), the Mid-Atlantic arm of Novaya Real Estate Ventures completed construction and received the certificate of occupancy for a 122,000 SF Class-A industrial building at 301 Grove Road in West Deptford, NJ.
The building features a 32’ clear height, build to suite office area, 48’ x 52’ column spacing, 63’ speed bay, 10 docks (expandable by 7), 2 drive-I doors, 800 amp 480/277 power service, ESFR – K17 sprinkler system, ample parking with immediate access to I-295. Foxfield has also secured approvals for a 2ndaccess driveway to Friars Blvd.
“We are excited to deliver this Class A distribution space to the Southern New Jersey market, which has seen unprecedented growth over the last few years. This location will serve as a great home for tenants are serving the Philadelphia region, or tenants seeking shelter from surging rents in Northern New Jersey,” states Foxfield Principal, Jeff Harper.
301 Grove is available for lease. Please reach out to Scott Mertz of NAI Mertz.
Novaya Real Estate Ventures (www.novayaventures.com) was founded in 2011 by Jim Alden, Peter Carbone, Jeff Theobald and Scott Tully. To date, Novaya has transacted on over 9 million square feet of industrial, flex, office, residential and urban retail product with gross asset value in excess of $1B in partnership with several of the premier institutional and family office investors worldwide.
About Foxfield Industrial
Foxfield Industrial, a joint venture between Novaya Real Estate Ventures and Foxfield Ventures, is a real estate operating company focused on the acquisition and operation of industrial properties throughout the Mid-Atlantic and the Southeast United States. The partnership aims to provide compelling, absolute investment returns while maintaining a margin of safety. Foxfieldanditsaffiliatescurrentlymanage3 million SF in existing assets and development projects.