#USA #New Jersey #PNK Group #Waterford Township

PNK Group Breaks Ground on New Facility in Southern New Jersey

Industrial developer PNK Group has officially started the construction of a new multi-functional facility in southern New Jersey, marking a significant milestone for the company and the local community. The groundbreaking ceremony took place on October 14, 2025, at a prime 53-acre site in Camden County. This ambitious project will cover an impressive 268,000 square feet, positioning itself as a key player in the region’s development.

Importance of the Project

During the groundbreaking event, key regional leaders were in attendance, including Senator Paul D. Moriarty, Mayor Robert Doney, Deputy Mayor Thomas Giangiulio, and Police Chief Daniel Cormaney. Mayor Doney expressed his enthusiasm, stating, "Saying we're excited about this project would be an understatement. This is likely one of the largest — if not the largest — developments our township has seen in a very long time. We’re thrilled to welcome PNK to our community and look forward to seeing this impressive building come to life, bringing jobs, opportunities, and growth to Waterford."

The project is particularly significant for the southern New Jersey region due to its strategic advantages, including high population density, access to major transport routes, and proximity to four major seaports. The facility is strategically located at the intersection of Routes 30 and 73, allowing for quick access to I-295 and the New Jersey Turnpike.

Boosting the Local Economy

The local economy stands to benefit greatly from this development. Within a 150-mile radius, there are about 35 million residents, including those in densely populated metropolitan areas such as New York, Philadelphia, Baltimore, and Washington, D.C. This region has traditionally seen strong tenant demand, making the new facility a promising source of economic growth.

The project is also part of a 20-year PILOT (Payment In Lieu Of Taxes) program, providing potential tenants with substantial tax incentives, making it an attractive proposition for businesses looking to set up operations in the area. This aspect not only eases entry for future tenants but also increases the likelihood of job creation within the community.

PNK Group's Commitment to Innovation

PNK Group is an industry leader known for its contributions to technological advancements in industrial construction. Their unique modular construction approach relies on large prefabricated units that are manufactured with a high degree of precision. This methodology simplifies on-site assembly and minimizes the dependency on large construction crews and heavy machinery, further expediting the timeline for project completion.

The PNK Waterford facility represents technological innovation at its best, setting a benchmark for future industrial projects in the region.

As PNK Group continues to invest in the development, the company aims to not only enhance its own operational capabilities but also elevate the socio-economic landscape of Waterford and its surroundings.

Conclusion

With the groundbreaking of this impressive facility, PNK Group is poised to make a transformative impact in southern New Jersey. The collaboration between local authorities and PNK showcases a shared vision for development that harnesses the strategic advantages of the area while creating sustainable economic opportunities for the community. As construction moves forward, all eyes will be on this project as it unfolds, promising to bring significant changes and growth to Waterford.