Groundbreaking for Parkview Business Center is scheduled for Q3 2025
FAIRFIELD, N.J. — One of the only new Class A industrial projects in North Jersey has been given the greenlight to proceed with construction.
Accordia, a full-service real estate investment and redevelopment firm, announced that Roxbury Township has approved Parkview Business Center, an industrial complex totaling 503,841 square feet within the township.
The project is scheduled to break ground in the third quarter 2025.
“This announcement is the culmination of close to seven years of tireless work behind the scenes to get this project off the ground,” said Greg Wovna, Senior Vice President, Development, Accordia. “We were fortunate to work with a great team that included the seller and the Township officials, to solve some almost-insurmountable challenges.”
Parkview Business Center will be situated on 106.48 acres across two lots at Lenel Road in Roxbury. Two Class A industrial buildings will be built on the space; Building A will total 322,842 square feet, and Building B will total 180,999 square feet.
Building A will have 10,990 square feet of office space, 58 loading docks, 4 drive-in doors, 96 trailer parking spaces, and 232 vehicle parking spaces. Building B will have 7,100 square feet of office space, 34 loading docks, 2 drive-in doors, 49 trailer parking spaces, and 116 vehicle parking spaces.
According to Jason Bogart, Accordia Principal, the rate of new commercial real estate construction in Morris County has slowed, but demand for these spaces continues to be robust.
“There’s more than 33.4 million square feet of industrial space in Morris County with a vacancy rate still below the tipping point for new construction,” Bogart said. “By the time the existing new construction supply is absorbed, we will be delivering Parkview Business Center to the market.”
“There are no new construction starts in Morris County right now, and the vast majority of industrial spaces in Morris County — most of which are light industrial or flex space — were constructed between the 1960s and 1980s,” Bogart said. “At the market’s current absorption rate, Parkview Business Center is poised to be one of the most in-demand industrial properties in North Jersey.”
Parkview Business Center will be strategically located just north of I-80 at Exit 28 and directly off US-46 at N. Frontage Road. The future site is also minutes from Routes 206 and 10, creating excellent highway access for manufacturers, retailers, and other businesses that truck their goods across New Jersey, into Pennsylvania and New York, and throughout the United States.
“Location is key to a successful industrial project, and the center has the advantage of immediate highway access that simplifies logistics,” Bogart said.
For more information about Parkview Business Center or Accordia’s other projects, visit www.accordiarealty.com.