SNJDC Members in the News

Coriell CEO Calls for NJ to Attract More Research Organizations

The CEO of the Coriell Institute for Medical Research, one of the world leaders in genetic disease research, says New Jersey lags nearby states in the number of research organizations and should work to attract more, which would in turn bring in more federal research dollars.

“We feel this could be an economic engine for the state,” Dr. Jean-Pierre Issa of Coriell told New Jersey Assembly Majority Leader Louis D. Greenwald on a visit by Geenwald to the nonprofit’s Haddon Avenue headquarters last week.

Assemblyman Louis Greenwald, who represents parts of Burlington and Camden counties, said a meeting of interested parties should be set up and that the goal of more research in the state would be something he could “champion and get behind.”

“Having programs like Coriell is a great starting point, a launching pad,” he said at the meeting. Coriell itself is moving and expanding to new headquarters that will be built on Walnut Street.

Last year, Coriell, Cooper University Health Care and Cooper Medical School of Rowan University announced that each would contribute $10 million to form the Camden Cancer Research Center, which would be based at Coriell’s new headquarters.

SNJDC Member in the News

Newmark appointed as exclusive leasing agent for 429K sq. ft. industrial property in Lumberton

Newmark has been named the exclusive leasing agent for LogistiCenter at Lumberton, a newly constructed 429,200-square-foot industrial asset in Lumberton Township.

Newmark Senior Managing Directors Kurt Montagano and Kyle Eaton and associate Connor Montagano are leasing agents for the property on behalf of ownership, Dermody Properties.

The state-of-the-art, LEED-certified building offers a range of features tailored to optimize logistics operations, including 36-foot clear height, 58 dock doors (9-foot-by-10), 56 trailer stalls, 172 future stalls approved, an ESFR sprinkler system, tilt wall construction, LED lighting and built-to-suit office space (with 2,450 square feet existing).

SNJDC Member in the News

Get Your Hands Dirty at Rutgers-Camden Historical Building Tour

Community members are invited to a celebration of Public Archeology Day on Friday that includes tours of the Cooper Street historical buildings, which Rutgers-Camden University will restore as part of a major campus development.

Tours include the chance to screen soil for artifacts – but bring your own work gloves. The urban lots date to the 1840s, according to Rutgers-Camden.

Rutgers-Camden reports that the $60 million project will be completed in early 2027. “The design will restore existing historic urban fabric while simultaneously providing forward‐thinking spaces for learning and community gathering,” according to the Rutgers-Camden website. “This facility will become a vital link between the campus and the Camden community.”

SNJDC Members in the News

DRBA Gets $20M Grant to Help Buy New Hybrid Ferry

The Delaware River and Bay Authority has received a $20 million federal grant toward the purchase of a new hybrid ferry to replace a more-than-40-year-old diesel ferry that runs between Lewes, Delaware, and Cape May.

The grant from the Department of Transportation will help offset the cost of the new ferry, estimated at $81.5 million. It will replace one of the four existing ferries.

The funding will assist the DRBA in its efforts to transition its fleet to provide an environmentally sustainable ferry service by lowering carbon emissions.

The ferry operation sustains more than 4,000 jobs while generating tens of millions of dollars in local taxes and hundreds of millions in regional economic activity. For every $1 invested in the operation, $20 of economic activity is generated.

SNJDC Member in the News

Application deadline for South Jersey Gas’ AI bootcamp set for end of month

High school students in Atlantic City wishing to participate in a no-cost artificial intelligence bootcamp hosted by South Jersey Gas with the support of the Mark Cuban Foundation, to take place in early November, must submit an application by Sept. 30, organizers said.

Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation for their future, the AI bootcamps are introductory and accessible to students in grades 9-12 with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

Cuban said the program aims to provide students with a foundational understanding of artificial intelligence and its applications for future careers.

“As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” he said. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with South Jersey Gas, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

Storage Facility on White Horse Pike in Magnolia Starts Development

Construction has started on a large three story 112,000 square foot storage facility on the White Horse Pike in Magnolia.

Earlier in the summer the property was fully cleared and already contractors have poured the large square concrete foundation pad.

The project is being developed across several lots situated between Produce Junction and the Regency Court Apartments.  The now cleared lots for the storage facility were home previously to Warwick Auto Sales, a building which previously housed Sterling HVAC, and an undeveloped lot.

The upcoming Storage Facility building seems to fit nicely in the space, particularly since storage facilities really don’t require a lot of dedicated parking. The rear property line is wedged out on one side which made for a perfect place to put a water management retention basin in.