The Future of NE Logistics · NE Logistics. 2 01 PARK INFORMATION..... pg 3 02 SITE PLAN ... MARKET...
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942 MEMORIAL PARKWAY | PHILLIPSBURG, NJ 08865 The Future of NE Logistics
Transcript of The Future of NE Logistics · NE Logistics. 2 01 PARK INFORMATION..... pg 3 02 SITE PLAN ... MARKET...
942 MEMORIAL PARK WAY | PHILLIPSBURG , NJ 08865
The Future of NE Logistics
2
01 PARK INFORMATION ................................................................ pg 3
02 SITE PLAN......................................................................................... pg 4
03 LOCATION ........................................................................................ pg 5
04 ECONOMIC INCENTIVES ....................................................... pg 7
05 LABOR SUMMARY ...................................................................... pg 8
TABLE OF CONTENTS
3
BUILDING 1 1,408,200 SF Cross Dock
BUILDING 3 607,279 SF Cross Dock
BUILDING 4 262,500 SF Cross Dock
BUILDING 5 175,055 SF Rear Load
BUILDING 6 419,459 SF Rear Load
BUILDING 7 975,761 SF Cross Dock
01 PARK INFORMATION
• Institutional Class A buildings
• Two miles on Route 22 to I-78 in Phillipsburg, New Jersey
• Substantial labor base
• 15 miles to FedEx hub in Lehigh Valley
• 10 miles to NSRR Bethlehem intermodal yard facility
• 55 miles to Port of Elizabeth, New Jersey
• 30-year tax abatement
• Grow New Jersey and UEZ tax incentives
Phase 1 — 2019 DeliveryPhase 2 — 2022 Delivery
ACREAGE 380 Acres
ZONING Industrial & Manufacturing
ELECTRIC 14 Megawatts by JCPL
GAS Natural Gas by Elizabethtown Gas
WATER Public Water by Aqua of New Jersey
SEWER 40,000 GPD by Sewer Authority
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02 SITE PLAN
Phase 1 — 2019 DeliveryPhase 2 — 2022 Delivery
BUILDING 6
419,459 SF BUILDING 5
175,055 SF
BUILDING 3
607,279 SFBUILDING 4
262,500 SF
BUILDING 1
1,408,200 SF
BUILDING 7975,761 SF
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03 LOCATION
AT L A N T I C
O C E A N
LakeEr
ie
LakeOntario
WEST VIRGINIA
PENNSYLVANIA
VIRGINIA
MARYLAND
DEL.
CONN.
NJ
MASS.
ONTARIONEW YORK
N.H.VT.
5 0 M I L E S
100 M
ILES
1
50 M
ILES
50 M
ILE
S
300 M
ILES
Lancaster
Allentown
Easton
Scranton
York
Carlisle
Wilkes-Barre
Altoona
Reading
Bedford
GettysburgWilmington
Philadelphia
Atlantic City
New Haven
Annapolis
Harrisburg
Baltimore
Pittsburgh
New York
Dover
Binghamton
PORT OF WILMINGTON
PORT OF PHILADELPHIA
PORT OF NEWARK
PORT OF BALTIMORE
Newark
Yonkers
Syracuse
Springfield
Worcester
Hartford
Albany
Providence
Concord
Boston
Portsmouth
Arlington
Buffalo
HarpersFerry
NiagaraFalls
Corning
Rochester
Erie
Morgantown
Charlottesville
Washington, DC
Toronto
Hamilton
Phillipsburg
81
90
81
86
390
76
99
80
79
15
476
79
68
81
83
7695
78
78
81
80
84
15
30
33
22
30
17
64
8195
66
70
270
195
87
95
495
84
395
13
29
301
495
90
89
9187
88
6
90
Location Benefits
– 2 miles
– 2 miles
– 20 miles
Port of Newark – 55 miles
Port of Philadelphia – 85 miles
78
33
476
6
03 LOCATION
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Programs Offered by the State of NJ
Property Tax Abatement
• 30 year tax PILOT – Payment in Lieu of Taxes
• Fixed tax rate of +2% per year per square foot
• Flat tax rate through entire term
• Greater than 50% savings vs competing properties
Grow NJ
• Job creation/retention tax credits up to $8,000 per job
• Low interest loan programs
• Capital grants for 20% to 40% of total eligible costs
• Long term bond financing for manufacturers
Urban Enterprise Zone (UEZ)
• Up to 50% reduction in sales tax rate on certain purchases
• Tax exemption on qualifying capital equipment for new facilities
• Up to $1,500 tax credit per full-time employee
• Subsidized unemployment insurance income less than $4,500 per quarter
04 ECONOMIC INCENTIVES
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WORKFORCE SNAPSHOTW A R E H O U S E & T R A N S P O R T A T I O N L A B O R
M A R K E T OV E R V I E W
W A R E H O U S I N G & S T O R A G E T U R N O V E R
27% $14.76/hrA V E R A G E W A G E
D E M O G R A P H I C S : 30-Min Drive Time Phillipsburg Lower Macungie Hamburg Carlisle Shippensburg Bethlehem
Labor Force (vs. nat'l metro avg) 646,649 791,126 501,372 374,871 195,573701,814
Proj. Pop Growth (2017-2022) 0.40% 0.46% 0.35% 0.69% 0.64%0.45%
Unemployment (June ‘17) 5.6% 6.0% 6.5% 4.8% 4.9%5.6%
Median Household Income - USD $71,686 $64,785 $57,742 $60,617 $56,395 $70,516
Proj. Income Growth (2017-2022) 2.43% 2.85% 2.33% 2.64% 2.31% 2.32%
% Blue Collar Employment 17.4% 19.7% 21.4% 15.5% 17.8% 18.5%
% High School Attainment 27.7% 29.6% 32.7% 31.7% 35.0%28.6%
A P P L I C A N T P O O L 10,919
PHILL IPSBURG COMMERCE PARK 942 Memorial Parkway
Phi l l ipsburg, NJ
Warren County, NJ (Philipsburg, NJ
vs. $12.78/hr U.S. Avg.
M E D I A N W A G E R A T E S : Phillipsburg,NJ U.S. Avg
A. Forklift Operator - 1 Year $14.12 $12.99
B. Materials Handler - 1 Year $13.96 $13.28
C. Shipping and Receiving Clerk - 1 Year $17.46 $16.01
D. Warehouse Laborer - 1 Year $13.51 $12.00
A B C D
WAGE COMPARISONPhillipsburg, NJ U.S. Avg
© 2017 CBRE, Inc. Powered by CBRE BuildingTalent™.
30-Min Drive Timevs. 35% U.S. Avg.
05 LABOR SUMMARY
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