7-13-18

Real Estate Journal — New Jersey — July 13 - 26, 2018 — 3B

www.marejournal.com

M id A tlantic

N ew J ersey

Nitti of Commercial Real Estate Partners represent Metropolitan Warehouse & Delivery Duke Realty fills last vacancy in recently acquired Northern New Jersey Portfolio P

ing and development. “ePort 960, as well as our other build- ings along the I-95 corridor, are among the newest and most functional buildings in the market and perfectly suited for last-mile fulfilment operations. We are pleased that Metropolitan saw the benefits that ePort 960 offers and acted quickly to secure the space.” ePort 960 is one of three new industrial buildings known as the ePort Logistics Center that Duke Realty owns just off NJ-440 (I-287) and east of I-95 in Perth Amboy. The building

features 36' clear height, 44'-6" x 55' column spacing, 29 dock doors, and 2 drive-in doors. Outside of the building is a 130' truck court and parking for 112 automobiles and 57 trailers. Joseph Nitti with Com- mercial Real Estate Part- ners LLC represented Metro- politan Warehouse & Delivery in the lease, while Duke Realty was represented by Rosen and Caitlin English and its list- ing agents Thomas Mona- han, Stephen D’Amato and Larry Schiffenhaus with CBRE . 

ERTH AMBOY, NJ — The New Jersey of- fice of Duke Realty Corporation , one of the na- tion’s leading, domestic-only, pure-play industrial property REIT (Real Estate Investment Trust), has leased ePort 960, a 220,200 s/f warehouse located at 960 High St. in Perth Am- boy. Duke Realty acquired eP- ort 960 late last year as part of a 3.1 million s/f portfolio that included six completed build- ings and two development sites located along the I-95 corridor. Metropolitan Ware- house & Delivery, a furniture delivery and fulfillment ser- vice, leased the entire build- ing, bringing Duke Realty’s entire New Jersey in-service portfolio to 100% occupancy. “Demand for warehouse space in New Jersey contin- ues to be strong, particularly for modern properties in close proximity to the New York metropolitan area,” said Ben Rosen , vice president of leas- Casiano of Mack- Cali brokers 130,000 s/f lease WOODBRIDGE, NJ — Mack-Cali Realty Corpora- tion announced that Plym- outh Rock has signed a 12- year, 130,000 s/f lease at 581 Main St., Mack-Cali’s class A office complex in Woodbridge. A leading provider of per- sonal and commercial automo- tive insurance, Plymouth Rock has office locations throughout the Northeast. The company’s commitment at 581 Main Street comes on the heels of Mack-Cali’s completion of a comprehensive capital improvements program at the property, which included upgrades to the entryway and lobby, fitness center, full- service café, conference room, and exterior landscaping. Ad- ditionally, Mack-Cali added various forward-thinking tech- nological features to the build- ing, such as electric vehicle charging stations. Mack-Cali senior vice presi- dent of leasing Toni Casiano represented the company in lease negotiations, while Sam Horowitz of Colliers Inter- national represented Plym- outh Rock, which is relocating from another Mack-Cali prop- erty. Cushman &Wakefield served as the leasing agent for 581 Main Street. 

ePort Logistics Center

Investment Sales | Commercial Sales and Leasing

SOLD $82,000,000

SOLD $45,000,000

700 Units Garden Complex Eastern PA

410 Residential Units Portfolio Passaic County, NJ

SOLD $19,600,000 220 Residential Units Portfolio East Orange, NJ SOLD $12,150,000

SOLD $17,200,000

144 Units Hawthorne Gardens Lancaster, PA

SOLD $6,750,000

195 Residential Units Laura’s Glen Pennsville, NJ

116 Residential Units Penn Garden Apartments Pennsauken, NJ

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