8B — August 12 - 25, 2016 — Central New Jersey — M id A tlantic

Real Estate Journal


C entral N ew J ersey

Best-in-class asset serves as regional distribution hub for Colgate-Palmolive Cushman & Wakefield brokers sale of 600,600 s/f 401 Cabot Drive in Hamilton Township, NJ


ity’s recently completed Road Widening Project between Exits 6 and 9 to ease chronic congestion. It is also approxi- mately equidistant between Philadelphia and New York City, providing access to the region’s key population cen- ters and deep labor pool. The property’s long-term prospects are positively im- pacted by its proximity to Amazon’s 1.5 million s/f dis- tribution center, as well as the site of a 350,000 s/f, state- of-the-art FedEx distribution center that is currently under development. “The explosive growth of e- commerce is driving the need for faster service and ‘last mile’ connectivity,” said Schmidt. “Well-located buildings like 401 Cabot Dr. are essential as overnight and same-day shipping become the industry standard.” n NAI DiLeo Bram announces two promotions CENTRAL NJ — NAI Dileo Bram has announced the promotion of Robert Din- ner and Jeffry Jones to exec- utive vice president and senior vice president, respectively. Dinner has been in commer- cial real estate in New Jersey for over 30 years. As a former IOREBA president, Dinner is a tremendous resource for the company and the industry at large. He specializes in office landlord representation and currently has over one million square feet of exclusive agency assignments. “Rob’s attention to detail is second to none. The dedication he has shown to his clients during his career is the foundation of the rela- tionships he has forged during that time.” said Rob DiLeo , principal. Jeff Jones is a core member of NAI DiLeo Bram and spe- cializes in office and retail. In his time with NAI DiLeo Bram he has developed a reputation as a pragmatic deal maker and valuable asset to his clients. Jeff exclusively represents the likes of Verizon Wireless and Magyar Bank. “Jeff is an integral part of the team. He has helped us grow the com- pany and our retail practice. Much of the business he has developed has been through referrals from satisfied clients - that says a lot.” said Eric Johnston , principal. n

AMILTON, NJ — Cushman & Wake- field ’s Metropolitan

field’s Gary Gabriel , who orchestrated the transaction with Andrew Merin , David Bernhaut , Brian Whitmer , Kyle Schmidt , and Andrew MacDonald , as well as Stan Danzig and Jules Nissim of the commercial real estate ser- vices firm’s East Rutherford office. Cushman & Wakefield represented the seller and procured the buyer. Colgate-Palmolive has oc- cupied the building since its completion by Matrix in 2006 as a build-to-suit. It features 36-foot-clear height, 52-foot x 50-foot column spacing, 120

Area Capital Markets Group has orchestrated the sale of 401 Cabot Dr. in Hamilton Township. The 600,600 s/f building, which serves as the Eastern region distribution hub for Colgate-Palmolive drew strong interest from the institutional investment com- munity. “This is a best-in-market asset situated at a four-way interchange in the New Jersey Turnpike Exit 7A submar- ket,” said Cushman & Wake-

401 Cabot Dr.

s/f available for lease. Situated at Exit 3A of I-195, just west of the New Jersey Turnpike, 401 Cabot Dr. bene- fits from the Turnpike Author-

foot truck courts and ample car and trailer parking. The consumer products giant cur- rently occupies 431,340 s/f, with the remaining 169,260


ROUTE 287 - EXIT 12

99 , 636 SF E-Commerce Fulfillment Center

Expandable to 129,000 SF

Includes 29,962 SF Offices 732-287-4880



8 Tailboard Doors NEW ROOF 181 Car Parking

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