Redevelopment plan for 380 housing units on Flying W goes to Medford Planning Board on Wednesday

The long-planned redevelopment of the Flying W Airport & Resort property in Burlington County calls for 380 new housing units — including 181 age-restricted single-family homes — to be built on 107 acres.

A 44-page Redevelopment Plan by the Taylor Design Group Inc. of Mount Laurel dated March 15 will be considered by the Medford Planning Board meeting Wednesday at 7 p.m. The board will review the proposal for Township Council.

Plans for the site show 290 age-restricted, market-rate houses and townhouses and 90 rental affordable apartments for families, who are designated very-low-, low- and moderate-income households. Most of the Flying W, based at 60 Fostertown Road, is in Medford and part is in Lumberton.

Township Council in 2017 designated the property as an Area in Need of Redevelopment, a legal designation that provides for a long-term tax abatement in the form of a Payment in Lieu of Taxes (PILOT). The redeveloper would be the property owner, Cave Holdings – Flying W LLC, if approved by the township.

The Flying W was opened in the early 1960s by William C. Whitesell to support the business operations of his Flying W Airways Inc., whose operations included flying large cargo planes to support the development of Alaskan oilfields in the 1960s.

“The portion of the airport located in Medford contains scattered office buildings, hangers and outbuildings,” the redevelopment report states. “All these structures are in need of repair and/or rehabilitation and are obsolete and dilapidated.”

Taylor’s redevelopment report said “mandated repairs for certification and continued operation of the existing airport infrastructure are cost-prohibitive; and furthermore, are deferred.”

The report also states that usage of the airport has declined over time because of the “obsolete size” of its 3,496-foot runway in addition to competition from a neighboring airport that also caters to smaller planes. The size of the runway precludes “larger planes and jets from using the site,” the report states. The private Red Lion Airport, which has a 2,880-foot runway, is on Red Lion Road in neighboring Southampton.

Much of the acreage is open or wooded and would be developed. 

 Flying W Redevelopment Plan | March 15, 2021

“The open vistas of scattered buildings, expanses of fields, and wooded wetlands of the site along with the agricultural and large-lot residential surrounding properties will be altered, however, the plan seeks to retain vistas along Fostertown Road and cluster development outside of the environmentally sensitive lands, including forested wetlands and floodplains,” according to the report.

Under the redevelopment agreement, Township Council would need to review and approve the architectural plan for each housing type before subdivision plans go to the Planning Board.

*Article courtesy of 70and73.com

For more information about this South Jersey land for sale or about any other South Jersey commercial properties for lease or sale, please contact the team at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm. At 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey’s Clementon Park Goes to Auction After Lawsuit Alleges Default on $4.5M Loan

A shuttered 52-acre South Jersey amusement park is going to auction and being billed as a redevelopment opportunity after its owners allegedly defaulted on bank loans. 

Bidding on the storied Clementon Park and Splash World, which closed suddenly in September 2019, is scheduled for March 23 at the 114-year-old Berlin Road property. 

The auction listing on Capital Recovery Group’s website states the park could be auctioned off as a whole or piecemeal, with different bidding packages available for buyers of the rides and equipment, liquor license or real estate. 

It also states the sale is by order of a receiver, Howard Samuels, who did not return a request for comment Wednesday.

News of the auction comes just a day after TD Bank N.A. filed an amended complaint against Clementon Lake Holdings LLC and Clementon Lake Management LLC, seeking to foreclose on the property and asking the court to appoint a receiver to facilitate its sale. The lawsuit has not been previously reported.

The attorney representing TD Bank in the legal action, Timothy Duggan, declined to comment. The park’s owner, Oklahoma-based amusement park company Premier Parks, did not respond to a request for comment.

TD filed the initial complaint against the Clementon Park LLCs in October, a year after it alleges the owner stopped making payments on a $4.5 million loan and $1.25 million line of credit. 

According to the lawsuit, the LLCs owe more than $2.1 million in outstanding principal, interest and fees stemming from the $4.5 million loan, and more than $500,000 on the $1.25 million line of credit. 

Clementon Park was a longtime attraction for local families and field trips before its shuttered in 2019. At the time of the closure the complex was one of the oldest operating amusement parks in the world.

The park property spans more than 52 acres, including a 23-acre, spring-fed lake. The auction listing states the property also includes a 4,000 square-foot historic home on the site, as well as subdivided lots that could be used for a “mixed use commercial-residential redevelopment opportunity.” 

The rides themselves are able to be disassembled and fit into shipping containers. Some of the ones for sale include the Ring of Fire full loop ride, the Sea Dragon swing ride, and the Hellcat roller coaster, built with a steel frame and wooden deck. Family-style and kids rides, like the Tilt-a-Whirl, the Ferris wheel and mini-roller coaster the Dragon Coaster, are also up for sale.

An inspection for the property will be held on March 19, from 9 a.m. to 4 p.m. The auction will start at 10 a.m. on March 23. 

*Article courtesy of Philadelphia Business Journal

For more information about this South Jersey land for sale or about any other South Jersey commercial properties for lease or sale, please contact the team at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm. At 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Exclusive: Denver Developer Buys 45 Acres of Industrial Property in Burlington County

Denver industrial commercial real estate firm Black Creek Group bought two parcels totaling 45 acres in Burlington County, as demand for industrial properties in the area continues to rise. 

Sale prices for the two South Jersey parcels were not disclosed or immediately available in public records.  Black Creek Group’s deal includes a 35-acre parcel at 1517 Route 38 in Hainesport near the intersection with the Mount Holly Bypass. Atlantic Wood Industries was the seller. The property, currently used as a storage and distribution site for treated wood products, is located behind Mount Holly Nissan and a Travel Inn that sit on Route 38.

Black Creek — which owns and manages more than 47.1 million square feet of industrial space in 25 markets across the country — also purchased an adjacent 10-acre wooded property at 1499 Route 38 from a private landowner. 

Hainesport’s township committee is in the middle of declaring the 45 acres, as well as surrounding properties at 1513 Route 38 and 1521 Route 38, as an area in need of redevelopment. By adopting the plan the township will be able to offer developers of the properties financial incentives, like payment-in-lieu-of-taxes, or PILOT agreements. The redevelopment is scheduled for a public hearing and final vote on Feb. 16.

Development plans for the parcels were not immediately available. 

The 35-acre parcel was previously used for preserving wood products for industrial uses and will need environmental remediation to be redeveloped for commercial purposes, according to a preliminary review of the proposed redevelopment area conducted by Taylor Design Group on behalf of the township this past fall.

Most of the properties that border the Mount Holly Bypass and Route 38, on the border of Hainesport and Lumberton, are industrial. They include a metal recycling facility and an asphalt milling plant. 

A Starbucks recently opened at the intersection and across Route 38 sits a large shopping plaza anchored by a ShopRite and Lowes. The ShopRite side of the plaza, Cross Roads Plaza, sold for $18.25 million last year. Behind the plaza, CVS operates a 1.2-million-square-foot distribution center — one of its largest nationwide — that sits amid a half dozen other industrial and office buildings.  Black Creek has a Northeast office in North Jersey, just outside of New York, and owns numerous other properties in the Philadelphia region, including a distribution center on Meetinghouse Road in Philadelphia and a five-building industrial portfolio in King of Prussia. It also bought a 300,000-square-foot warehouse in Mount Laurel, Burlington County for $32.3 million last year.

The Hainesport property was attractive in part because of its proximity to the New Jersey Turnpike and I-295, the brokers said. Burlington County’s rich transportation assets have helped it draw more demand for industrial properties that can be used for warehousing and distribution. Net absorption for Class A industrial properties in the county grew 29% from 2019 to 2020, according to Lee & Associates, jumping from 2.1 million square feet to 2.7 million. 

In the past year alone, the brokers have also represented the seller of a 117-acre industrial site at 1900 River Road in Burlington Township for $110.5 million and the seller of a 30.8-acre industrial site at 839 Railroad Ave. in Florence for $14.75 million. Black Creek was also the buyer in the Florence sale and is in the midst of building a 300,700-square-foot warehouse on the site. 

*Article courtesy of Philadelphia Business Journal

For more information about this South Jersey land for sale or about any other South Jersey commercial properties for lease or sale, please contact the team at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm. At 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Land sales in South Jersey’s Moorestown, Medford Pave the Way for New Housing Developments

A pair of new housing developments are coming to South Jersey following the sale of two parcels of farmland in Moorestown and Medford this fall.

Separate developers are behind the projects, which come as demand for housing in suburban New Jersey continues to swell, partly in response to Covid-19 pushing people away from more densely packed urban areas. 

The Parkers Bend Retirement Community, a luxury 55 and over development, is set to span 32-acres near 650 Centerton Road in Moorestown. The site received final approvals from the township this summer and is located across from the Laurel Creek Country Club and adjacent to a commercial office building occupied by Comcast. Parkers Bend will include 130 units. 

Parkers Bend LLC is affiliated with Nebraska-based luxury retirement community developer Resort Lifestyle Communities. The company bought the land from Toll Brothers’ for $2.65 million in September after receiving the approvals. 

Bob Lewis, director of development for Cameron General Contractors, told the township planning board in July that the developer believes the project is a good fit for Moorestown. Cameron General Contractors will oversee the project. 

Lewis cited a statistic that said 80% of seniors within an 8-mile radius of the township wanted to move and were looking at those types of communities. Monthly rent for a unit will cost roughly $4,700, it said in its planning board application. The cost includes amenities and a free shuttle service to appointments. 

In order to meet Moorestown’s affordable housing requirement, Lawrencville, New Jersey-based Community Investment Strategies is building a three-story, 82 unit building of 100% affordable housing behind the Parkers Bend development. Called Heritage Village at Moorestown, the project will span 17 acres and include 76 one-bedroom apartments and six two-bedroom units. 

About eight miles away in Medford, a 300-unit apartment and townhouse development called Autumn Park is already underway on a 56-acre parcel at 22 Evesboro-Medford Road. 

Well-known area home builder Bob Meyer, who leads Bob Meyer Communities, secured approvals for the site. Meyer said Tuesday that he didn’t officially take the title for the property and instead sold the approvals to the current developer, Rochester, New York-based Autumn Park Urban Renewal LLC. 

The project includes building 254 apartment units across 10 buildings and 46 three-story townhomes on the site, located near the cross section of Route 70 and Old Marlton PIke. The development will also have 90 affordable units. Amenities include a pool, fire pits, clubhouse and dog park.  

Initial site development work has already started.

*Article courtesy of Philadelphia Business Journal

For more information about this South Jersey land for sale or about any other South Jersey commercial properties for lease or sale, please contact the team at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm. At 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Well-Located South Jersey Land for Sale in Evesham

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Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

Rising South Jersey Industrial Hub Primed to Add Another New Development

A new industrial development could be in the works for a 9-acre parcel of land in Burlington Township, where the ever-rising demand for warehouse and distribution space has made a stretch of Route 541 a new industrial hot spot. 

Peter Singh, an individual not tied to a development firm, bought the property at 1 Terri Lane from a limited liability company affiliated with homebuilder J.S. Hovnanian & Sons and is in the early stages of planning an industrial project for the site. A price was not disclosed and is not yet available via public records. 

Wolf Commercial Real Estate’s Ryan Barikian, who represented the buyer and seller in the deal, said Hovnanian owns land throughout the Burlington area and was looking to sell-off some of its smaller parcels. 

Despite its prime location just feet from Route 541 and in between entrances to both I-295 and the New Jersey Turnpike, the property at 1 Terri Lane was on the market for more than a year. The main issue, Barikian said, is that only roughly 3 acres are buildable land. The rest of the land is protected wetlands. 

“It’s not as big as people would think,” he said. 

While Singh is still in the initial stages of planning and has yet to submit any formal proposals to the township, it’s likely he’ll develop a small warehouse or distribution building, Barikian said. Projections show a roughly 30,000-square-foot building could fit on the site. 

While the area has long had an industrial presence -— the site is at the end of the Bromley Commons, a winding, midsize industrial park in the township — it’s seeing a new wave of larger developments seeking to take advantage of its prime location and the consistently strong demand for distribution space. 

Directly across from the Terri Lane site, South Carolina-based Johnson Development Associates is in the midst of building a new 267,000-square-foot warehouse called the Exit 5 Distribution Center. Johnson Development bought the 59-acre parcel at 107 Elbow Lane for $5 million in March and construction is underway.

“That will be big for the area,” Barikian said. “Obviously industrial has been really hot lately. It’s about the point and click we all do; they need a place to send all the materials that are going to be delivered to our houses.” 

The parcels are located across Route 541, or Burlington-Mt. Holly Road, from the shuttered Burlington Center mall. After the mall died a slow death, officially closing its doors in fall 2018, it was sold to Clarion Partners which is partnering with MRP Industrial to redevelop the site and build a mixed-use project that includes retail, industrial and residential elements. 

The mall sits near the border of Burlington and Westampton Township. Just over the border in Westampton, MRP is developing a 610,000-square-foot warehouse on a 43-acre property.

Barikian said the roadway is likely to continue to draw interest, given its location and ongoing development activity. 

“We don’t want to overdevelop, but that corridor is pretty prime for it considering how much open space there is and how close it is to the highways,” he said. 

*Article courtesy of Philadelphia Business Journal

For more information about this South Jersey land for sale or about any other South Jersey commercial properties for lease or sale, please contact the team at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm. At 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Plans for Tractor Supply store at Route 73 and Jackson Road go before Berlin Township board

An Alabama-based development firm’s application to build a Tractor Supply store on a six-acre wooded lot on the east side of Route 73 in Berlin Township goes before the Planning and Zoning Board next Tuesday.

The site plan and use variance application from HSC Berlin LLC is for the property that is bounded by Route 73 and Jackson and Hopewell Roads. HSC Berlin, a unit of development firm Hix Snedeker Companies of Daphne, Alabama, proposes the Tractor Supply outlet on land owned by Jackson Point LLC/Pagliuso of Stokes Road in Medford, according to state property records.

Tractor Supply — a retailer of home improvement, agriculture, lawn and garden and animal-care products — has 10 stores in New Jersey including Southampton, Hammonton and Sicklerville, according to its website. A developer had proposed a Tractor Supply and a Wawa near Route 73 and Kresson Road, but that was rejected by Voorhees in 2018.

The proposed store in Berlin would be almost totally surrounded by landscaping buffers and in an area of commercial developments and open land, according to the developer’s plans. Entrances and exits would be on Route 73 and Hopewell Road. The building would total 19,097 square feet with 77 total parking spaces.

*Article courtesy of 70 and 73

For more information about this South Jersey land for sale or about any other South Jersey commercial properties for lease or sale, please contact the team at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm. At 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Well-Located South Jersey Land for Sale near Marlton-Medford border

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Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

South Jersey Land for Sale in Marlton on Heavily Traveled Road

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Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.

Well-Located South Jersey Land for Sale in Cape May County

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Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for sale or lease through our South Jersey commercial real estate brokerage firm.