16C — March 19 - April 15, 2021 — The Best of 2020 — M id A tlantic Real Estate Journal
The LARGEST INDUSTRIAL LEASE of 2020 ROCK Commercial 340 Emig Road York, PA Colliers PA Lowes at Shippensburg 81 Bethlehem, PA LevinManagement Corporation Rutgers Industrial Center Piscataway, NJ
Size: 135,000 s/f Brokers: LMC leasing team with Brian E. Dudzinski of Atlantic Real Estate Services Family-owned and operated 3PL provider Hall’sWarehouse Corp. renewed its 135,000 s/f lease at 120 Circle Drive North, part of Rutgers Industrial Center in Piscataway, NJ. LMC serves as asset manager for the five-building, 535,000 s/f industrial/warehouse complex. Hall’s Warehouse Corp. has been a tenant at 120 Circle Drive North since 2003. The industrial/warehouse sector remains a strong performer, and this lease renewal demonstrates sustained demand for quality space in Northern/Central New Jersey. Rutgers Industrial Center sits in the heart of Middlesex County, easily accessible to I-287 and just five miles from Exit 10 of the New Jersey Turnpike.
Size: 1,100,000 s/f Brokers: Mark Chubb, Michael Zerbe and Summer Coulter The Colliers International Logistics and Transportation Solutions team of Mark Chubb, Michael Zerbe, and Summer Coulter have successfully assisted Equus Capital Partners in the leasing of 1.1 million s/f of modern industrial fulfillment space to Lowe’s at the I-81 Shippensburg Logistics Center, a newly developed, state-of-the-art Class A warehouse and distribution facility directly fronting Central Pennsylvania’s strategic Southern I-81 Corridor. The strategic I-81 location was reported to en - able same day and next day fulfillment for the leading home improvement and building supply firm. Mark Chubb Michael Zerbe Summer Coulter
David L. Bode
Size: 965,500 s/f Broker: David L. Bode
The Wolf Organization, LLC leased this Class A industrial property along with two additional properties for a combined total of 965,500 s/f.
The LARGEST INDUSTRIAL ACQUISITION of 2020 Curran Commercial Route 40 – Carneys Point Carneys Point, NJ Denholtz Properties Industrial Way Portfolio Eatontown, NJ Bussel Realty Corp. 12101 Harland Drive Covington, GA
200 Industrial Way
Size: 171,480 s/f Broker: Andy Rudoff, Resource Realty
Comprised of a 68,821 s/f building at 200 Industrial WayWest and a 109,480 s/f industrial building at 541 Industrial Way West, the two-building portfolio provides Denholtz Proper - ties with a foothold in Monmouth County, one of the region’s fastest growing industrial markets, while also bolstering the firm’s industrial portfolio throughout New Jersey. With vastly differing profiles, 200 and 541 IndustrialWayWest are comple - mentary investments with the potential to yield strong returns and further enhance Denholtz Properties’ growing portfolio of diversified assets across New Jersey and the southeastern United States.
Size: 120 Acres – 1.2 Million s/f Brokers: Curran Commercial – Ryan Curran | JLL – Chad Hillyer 10 parcels of land along the NJTP, with ten different own - ers, was assembled by Ryan Curran of Curran Commercial to create a large enough development site to develop a 1.2 million s/f E-Commerce Distribution Center (that was later leased as a build-to-suit to Amazon) in Carneys Point, NJ. Making this the largest single building development project in New Jersey in 2020.
Size: 188,225 s/f Broker: Jordan Metz
Bussel Realty Corp. (BRC) announced it has arranged the sale of 12101 Harland Drive in Covington, GA in October 2020.
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