Advance Realty Investors has successfully closed a construction loan for its upcoming industrial development, the 249 Pomeroy Logistics Center, a 110,000-square-foot Class A logistics facility located in Parsippany, New Jersey. Alongside the financing, the firm has appointed JLL to oversee leasing activities for the project, which is scheduled for delivery in October 2026.
Strategically positioned near the intersection of Interstates 80 and 287, the logistics center is designed to attract a wide range of users, including logistics, distribution, and light manufacturing tenants. The modern facility will feature 36-foot clear ceiling heights, 21 dock doors, two drive-in doors, 20 trailer parking stalls, and a robust 4,000-amp power supply, offering flexibility for single or dual occupancy.
The project also benefits from local economic incentives, including participation in New Jersey’s Long-Term Tax Exemption–Urban Renewal Entities program and a Payment in Lieu of Taxes agreement with the Township of Parsippany–Troy Hills. These measures are expected to help lower occupancy costs and enhance the project’s appeal to prospective tenants.
With strong regional connectivity and modern specifications, the Parsippany logistics development reflects growing demand for high-quality industrial space across northern New Jersey.
