Cirro Logistics signed one of the largest industrial leases of the fourth quarter. The company will occupy the entire 750,787-square-foot Building 750 at The Crossings in Burlington Township, New Jersey. Cirro provides cross-border and domestic shipping, warehousing and order fulfillment for e-commerce businesses.
The building is part of a large mixed-use redevelopment at the former Burlington Center mall. Clarion Partners and MRP Industrial are leading the project. Additionally, the redevelopment places industrial uses at the core of a broader mixed-use plan.
Clarion and MRP acquired the closed mall in early 2019 for $22 million. They targeted the site for its strong access to interstate networks and nearby population centers. The team initially planned a fully industrial redevelopment. However, they shifted to a mixed-use approach after discussions with local officials and community members.
The $600 million project now blends major warehouse buildings with supporting retail, multifamily and hospitality uses.
For more information about South Jersey retail space, or other commercial properties, please call 856-857-6300.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory firm, and property management firm, is a premier South Jersey commercial real estate brokerage firm that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.
