Crow Holdings Development (CHD) and PGIM started construction on The Apex, a 474-acre master-planned industrial campus in Gloucester County slated to deliver nearly 3.7 million square feet of Class A logistics and distribution space.
Announced Friday, the joint venture project sits at the intersection of Routes 130 and 322, providing direct highway access to New Jersey Turnpike Exit 2, Interstate 295, and Interstate 95. At full build-out, the campus will comprise four big-box industrial buildings served by a dedicated entry road and positioned away from residential neighborhoods.
Foundation work is currently underway on the campus’s anchor facility, a 900,000-square-foot distribution center located at 301 Springers Road. Bank of America provided construction financing for the initial phase, which is scheduled to deliver in mid-2027.
The development is backed by a long-term Payment in Lieu of Taxes (PILOT) agreement with Logan Township, which CHD Senior Managing Director Clark Machemer cited as a critical factor in moving the project forward amid tight regional supply for large-block industrial space.
“The Apex underscores continued demand for modern Class A industrial space, particularly as the supply of big-box buildings in the entire Northeast region remains limited,” Machemer said in a statement. “Logan Township’s pro-business approach and the long-term tax rate stability provided by the PILOT agreement were key factors in advancing this development.”
Designed for move-in readiness, the 301 Springers Road facility will feature 148 loading dock doors, 197 trailer stalls, 410 automobile parking spaces, built-out office space, and pre-installed lighting. The campus is being equipped with 4,000 amps of primary electrical power, with underlying infrastructure built to support double that capacity.
Soultana Reigle, head of U.S. equity for PGIM’s real estate investment group, noted that the project aligns institutional capital with sustained demand along the Northeast corridor.
“The Apex reflects PGIM’s high conviction around modern, well-located industrial investments in supply-constrained markets with strong connectivity and durable tenant demand,” Reigle said.
JLL’s Dean Torosian, Nate Demetsky, and Matt Kemery have been tapped to lead leasing and marketing efforts for the campus. Positioned within the New York City–Washington, D.C. corridor, the site places tenants within a one-day drive of more than 50 million consumers, as well as proximate to Philadelphia International Airport, PhilaPort, and the Port of New York and New Jersey.
“Logan Township’s evolution into a regional distribution hub has been validated by the marquee roster of brand names moving operations to Gloucester County,” Demetsky said. “The growing list of companies currently evaluating the market based on labor pool depth and locational advantages further highlights the anticipated continuation of this trend.”
The Apex adds to Crow Holdings Development’s expanding Northeast footprint, which has delivered more than 5.3 million square feet of new industrial inventory across New Jersey, New York, and Pennsylvania since 2020. The firm’s current regional availabilities also include a 138,000-square-foot partial building space at Crow Holdings at 6A in Burlington, N.J., and 535,603 square feet at Golden Triangle Logistics Center in Wallkill, N.Y.
