S hopping C enters C entral NJ S potlight
M id A tlantic Real Estate Journal — Central NJ — November 19 - December 23, 2021 — 5B
www.marej.com
Build-to-suit will provide freezer capacity located withinminutes from largest port on East Coast Duke Realty breaks ground, secures long-term lease with FreezPak for freezer facility
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resents yet another mile- stone toward achieving our goal that Woodbridge Town- ship remains the center of commercial development in New Jersey. The 2 Paddock Street development project will transform the former 26- acre industrial site located in the Avenel warehouse district into a productive commer- cially successful facility that will benefit the Township tax base for years to come,” said Mayor John E. McCormac. “It is important to note that this development would not have been possible without the com- mitment of Duke Realty, the Woodbridge Redevelopment Agency and the Woodbridge Township Department of Plan- ning and Development.” Rosen, Duke Realty leasing representative in New Jersey and David Gheriani, Wil- liam Waxman, Mindy Liss- ner and Kevin Dudley with CBRE represented Duke Re- alty in this transaction. MAREJ
Newark Liberty International Airport, the ports of New York and New Jersey and New York City. “Successfully putting togeth- er a complicated build-to-suit transaction like this requires significant contributions from numerous stakeholders,” said Ben Rosen , vice president of development and leasing in New Jersey for Duke Realty. “We are tremendously for- tunate and thankful to have excellent partners with Freez- pak andWoodbridge Township that worked hard to make this project a reality.” “FreezPak is happy to have the opportunity to leverage the many advantages that our new state-of-the-art, cus- tomized distribution facility will offer,” said Dave Saoud, Co-CEO of FreezPak. Mike Saoud, Co-CEO of FreezPak added, “FreezPak is going to new heights with the power of automation.” “This groundbreaking rep-
O O D B R I D G E TWP., NJ — The New Jersey office of
Duke Realty Corporation , announced that it has broken ground on a 26-acre site in preparation for a build-to-suit freezer facility for FreezPak Logistics (FreezPak). Freez- Pak has signed a long-term lease on the planned 267,575 development at 2 Paddock Str. in Woodbridge Twp. “Over the past several years, Duke Realty has continued to invest in growing our New Jer- sey footprint with strategical- ly-located, highly-desirable de- velopments,” said Art Makris , senior vice president of Duke Realty’s northeast region. “As most U.S. food distribution is managed by third-party logistics companies before reaching consumers, demand for temperature-controlled storage and distribution fa- cilities is growing and Duke Realty is ready to help meet that demand with the modern,
Shown from left: Anthony Scarcia, Jr., Allied Building Corp.; Coun- cilman Cory Spiller, Woodbridge Twp.; Heather LaMotta, Woodbridge Township Redevelopment Agency; Marta Lefsky, Woodbridge Town- ship Redevelopment Agency; Carolyn Ehrlich, Woodbridge Township Redevelopment Agency; Mayor John McCormac, Woodbridge Twp.; Ben Rosen, Duke Realty; Mike Saoud, FreezPak; Dave Saoud, Freez- Pak; Art Makris, Duke Realty; Keith Meehan, Duke Realty.
high-quality facilities we are known for.” Duke Realty is constructing 209,500 s/f of freezer space, a 45,760 s/f cool dock and an- other 12,000 s/f of office space within the state-of-the-art de- velopment. The facility is be- ing built to LEED certification
standards. The construction plan includes 67’ clear height in the freezer and 30’ in the cool dock, 34 dock doors, 70 trailer spaces and 167 auto- mobile parking spaces. The de- velopment site is strategically located near the New Jersey Turnpike, just minutes from
Keystone Property Group announces +287,000 s/f of leases at Middlesex Science Center at 30 Knightsbridge Road
ity to enhance and accelerate its mission to understand the genetic causes of common, complex diseases and discover diagnoses, treatments and, eventually, cures. By utiliz- ing MSC’s technologically ad- vanced infrastructure and the highest quality biomaterials, IBX scientists will be best positioned to continue convert- ing precious biosamples into renewable resources, thereby extending research capabilities. The campus provides ac- cess to a high-quality labor pool via an ecosystem offered by Rutgers University and the surrounding life sciences community, and strengthens a company’s ability to retain the best and brightest em- ployees, many of whom prefer a vibrant, work/play environ- ment. IBX’s lease reinforces MSC’s position as a home for the booming life sciences industry in Middlesex County. John
Buckley and Bob Ryan of JLL represented the tenant and Jon Meisel and Doug Petrozzini of CBRE repre- sented Keyston e. Other companies joining MSC’s tenant roster are LIXIL and Paychex. LIXIL was in search of a new headquar- ters that would empower employees to work remotely while also having a safe and comfortable office space with a full complement of ameni- ties for collaboration. Scott Lesh and Scott Stange of JLL represented the tenant and Meisel and Petrozzini of CBRE represented Keystone. Paychex renewed its lease for 30,000 s/f of space in part because of its unique op- erational needs served by the infrastructure of the complex. Mike Maroon of The Ac- claimGroup represented the tenant and Meisel and Petro- zzini of CBRE represented Keystone. MAREJ
PISCATAWAY, NJ — Key- stone Property Group has signed three leases with Infin- ity BiologiX (IBX), LIXIL, and Paychex at its four-building office complex, Middlesex Science Center (MSC) at 30 Knightsbridge Rd. in Pisca- taway. With the new leases, the 685,000 s/f property is now over 92% leased. MSC’s origins as an AT&T office and data center offers mission-critical features re- quired by the rapidly expand- ing life sciences industry, in- cluding: high-capacity weight- bearing floors; floor-to-deck heights from 16’1” to 32’4”; covered loading docks; freight elevators; and venting chases. These features, coupled with MSC’s location proximate to Rutgers University and 40,000 s/f of amenities, attracted Infinity BiologiX (IBX). IBX began with a 30,000 s/f tempo- rary space and later expanded to a long-term, 200,000 s/f
Middlesex Science Center
lease, consolidating its growth at MSC. “The addition of IBX, a global leader in biotech, to our impressive list of tenants illustrates how MSC’s robust infrastructure satisfies the needs of life sciences tenants,” says Keystone’s founder and CEO, Bill Glazer . “Given
Keystone’s growing reputation in the life sciences community, we are thrilled that IBX opted to put its growth under one roof where it can thrive and continue its important work.” The world’s largest univer- sity-based biorepository, IBX spun out from Rutgers Univer- sity and required a new facil-
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