Industrial developer PNK Group has finalized the acquisition of a land parcel in June 2025 in the city of Waterford, Camden County, Southern New Jersey. The site, named PNK Waterford, spans over 53 acres and marks another step in the company’s growing presence in the state.
PNK Group plans to construct an industrial facility of approximately 270,000 square feet on the site, further strengthening the region’s logistics and industrial infrastructure.
PNK buildings are known for their versatility, supporting a wide range of uses—from manufacturing to storage and distribution. Due to the increased material density of their structures, PNK Group facilities offer enhanced durability, making them well-suited for production needs.
Southern New Jersey continues to be in high demand among industrial tenants, thanks to its strategic location, proximity to four major seaports, high population density, and access to a skilled labor force. The site is located at the intersection of Routes 30 and 73, two key transportation arteries providing fast access to I-295 and the New Jersey Turnpike. Within a 150-mile radius, the area reaches a population of approximately 35 million people, including the metropolitan areas of New York, Philadelphia, Baltimore, and Washington, D.C.
The project is part of a 20-year PILOT (Payment In Lieu Of Taxes) program, offering substantial tax incentives for future tenants and users. A redevelopment agreement for the site has been signed with Waterford Township.
For construction, PNK Group utilizes its proprietary Building Assembly Set (BAS) system. One of the key advantages of this method is its simplicity. BAS elements are designed for easy assembly, significantly simplifying the construction process. By using standardized large-format blocks pre-manufactured at the company’s own factories in Georgia and Pennsylvania, PNK Group is able to build faster than the market average.
PNK Group continues to accelerate its land acquisition efforts along the East Coast, having recently closed additional deals in Connecticut, Pennsylvania, Virginia, and Georgia.
