I
n a strategic move, D2 Collins LLC has successfully sold its 707,400 square foot logistics park development site in Carneys Point, New Jersey to EQT Real Estate. This transaction marks a significant milestone for D2's affiliate, underscoring the organization's commitment to unlocking value through savvy land investments.

    The sale of the 48-acre site, situated at 1, 3, 4, and 7 Collins Drive within the Salem Commerce Park, presents EQT Real Estate with an unparalleled opportunity to develop a Class-A modern logistics park. The site will feature three state-of-the-art buildings: Building A (178,500 sqft), Building B (254,500 sqft), and Building C (274,400 sqft), all equipped with ample car and trailer parking.

    D2's acquisition of the Collins Drive properties in December 2022 marked a pivotal moment for the organization. By securing an adjacent 3-acre residential outparcel, D2 expanded its developable acreage to 48 acres. The company then collaborated with local officials to secure approvals for a larger buildable area, ultimately increasing the site's entitlements from 586,000 square feet to 707,400 square feet.

    The sale is a testament to D2's expertise in navigating complex development projects and securing entitlements in a challenging market. Strategically located near Exit 4 at Interstate 295 and Highway 48, Salem Commerce Park offers unparalleled access to the growing markets of Philadelphia, Southern New Jersey, and Northern Delaware. The site's proximity to major transportation hubs, including the Port of Wilmington, Penn Terminals, PHL International Airport, and Packer Marine Terminals, further solidifies its appeal.

    "This sale is a prime example of our team's ability to execute our business plan in an increasingly challenging market," said Keith Delaney, CEO of D2 Organization. "We're thrilled to have partnered with EQT Real Estate on this project and look forward to seeing the site come to life as a world-class logistics hub."