Woodbridge, the team with DSV Global Transport and Logistics at 1005 W.
Middlesex Ave. The distribution facility, which sits less than four miles from
the New Jersey Tpke., features a 36-foot clear height, 120 dock doors, two
drive-in doors and parking for 115 trailers. Doug Bansbach of Cushman & Wakefield
represented the tenant in the transaction.
Carteret, CBRE secured a 360,000 s/f lease with a retailer on behalf of
Prologis at 50 Middlesex Ave. The property, also a distribution facility, 68
dock doors, four drive-in doors and parking for 137 cars and 138 trailers. In
addition, the building sits just 3.5 miles from the New Jersey Tpke., allowing
for immediate access to a number of additional major roadways. Scott Belfer of
CBRE represented the tenant in the transaction.
Shearer, senior vice president for Prologis and market officer in New Jersey
added, "DSV Global is a prominent customer of Prologis, leasing 10
countries and we're pleased to be working with them in New Jersey. We're
equally excited to welcome an additional customer to our Port Reading Park,
which will allow this retailer to grow their supply chain to better serve
stores in the region. Both customers demonstrate the enormous potential of
continued growth in the New Jersey real estate market."
"We're continuing to
see record demand for quality product in the New Jersey industrial sector, and
this recent pairing of significant lease transactions that we facilitated on
behalf of Prologis is a testament to the overall market momentum," said
Thomas Monahan, executive vice president at CBRE. " While both of these
properties boast a roster of sought-after industrial features, location and
transportation access continues to be the most prominent drivers of activity in
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.