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Logistics joint venture wraps construction on two-building speculative warehouse project

NFI and Pennwood's Exit 5 Industrial Park brings 528,478 square feet of distribution space to Burlington County
A joint venture between NFI Real Estate and Penwood Real Estate Investment Management has completed construction on the two-building Exit 5 Industrial Park. The 528,478-square-foot speculative industrial development is located at Exit 5 of the New Jersey Turnpike. (CoStar)
A joint venture between NFI Real Estate and Penwood Real Estate Investment Management has completed construction on the two-building Exit 5 Industrial Park. The 528,478-square-foot speculative industrial development is located at Exit 5 of the New Jersey Turnpike. (CoStar)
By Lauren Diggs
CoStar Research
August 25, 2026 | 3:29 P.M.

A joint venture between NFI Real Estate and Penwood Real Estate Investment Management has completed construction on the Exit 5 Industrial Park, a two-building speculative logistics development totaling 528,478 square feet at 800 Irick Road in Burlington County, New Jersey.

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