National Logistics and Fulfillment Solutions Company Inks Lease for New Headquarters
In a transaction arranged by CBRE, Capacity LLC, trusted leaders in order fulfillment, e-commerce and electronic data interchange (EDI), has committed to a 300,000 sq. ft. lease at 1601 Livingston Avenue in North Brunswick, New Jersey. Currently under construction, and built to suit, the new property is slated for occupancy in February 2020.
CBRE Vice President John Maloney represented Capacity LLC in the lease negotiations.
“This site expands Capacity’s footprint in North Brunswick, with optimal transportation options and centralized labor pool,” said Mr. Maloney. “This new Class A development will provide Capacity with 36-40+ foot clear ceilings and 10,000 sq. ft. of custom renovated office space serving as their new headquarters. After conducting a highly targeted market analysis, we ascertained that 1601 Livingston Avenue met all of our client’s requirements.”
“John Maloney and his CBRE team were instrumental in executing this deal, exhibiting deal patience and strategic oversight of our continued expansion in a very challenging real estate market,” said Arlen Fish, Chief Financial Officer at Capacity.
The property’s owner,1600 Building B LLC, was represented in-house during negotiations.
In a transaction arranged by CBRE, Capacity LLC, trusted leaders in order fulfillment, e-commerce and electronic data interchange (EDI), has committed to a 300,000 sq. ft. lease at 1601 Livingston Avenue in North Brunswick, New Jersey. Currently under construction, and built to suit, the new property is slated for occupancy in February 2020.
CBRE Vice President John Maloney represented Capacity LLC in the lease negotiations.
“This site expands Capacity’s footprint in North Brunswick, with optimal transportation options and centralized labor pool,” said Mr. Maloney. “This new Class A development will provide Capacity with 36-40+ foot clear ceilings and 10,000 sq. ft. of custom renovated office space serving as their new headquarters. After conducting a highly targeted market analysis, we ascertained that 1601 Livingston Avenue met all of our client’s requirements.”
“John Maloney and his CBRE team were instrumental in executing this deal, exhibiting deal patience and strategic oversight of our continued expansion in a very challenging real estate market,” said Arlen Fish, Chief Financial Officer at Capacity.
The property’s owner,1600 Building B LLC, was represented in-house during negotiations.
1601 Livingston Avenue, North Brunswick, NJ
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
