4B — April 2023 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
Cushman & Wakefield's Fern & Barton broker transaction Levin announces lease at Rutgers Industrial Center
ISCATAWAY, NJ — Electronics man- ufacturer RCF USA has signed a 30,000 s/f, full- building industrial lease at 101 Circle Drive North, an- nounced Levin Manage- ment Corporation (LMC) . Part of Rutgers Industrial Center in Piscataway, the new warehouse building was leased prior to completion. LMC serves as asset manager for Rutgers Industrial Center, a six-building, 570,000 s/f in- dustrial/warehouse complex in NJ’s I-287 industrial corridor. P
101 Circle Drive North
The full-service commercial real estate services firm served
as construction manager for the 101 Circle Drive North development, which broke ground in mid-2022 and is nearing completion. RCF USA – a manufacturer of professional audio equipment – is relocating to 101 Circle Drive North from Edison in an expan- sion move, with an anticipated move in this summer. Chuck Fern of Cushman & Wake- field served as landlord broker in negotiating the long-term transaction; the firm’s Jason Barton represented the tenant. “Not only is our existing Edison space too small and outdated, but we are sharing the building with other ten- ants,” said Justin Brock , RCF USA’s VP of strategic sales and operations. “The move to 101 Circle Drive North gives us our own build- ing with plenty of room to expand and grow over time, along with superior highway access. We have been looking for new warehouse space for a long time and couldn’t find the right fit; 101 Circle Drive North checked every box.” The company, whose products are manufactured in Italy, maintains a second ware- house location in Piscataway. Along with offering su- perior highway access, 101 Circle Drive North features 35-foot minimum clear ceil- ing heights, six dock doors, 38 parking stalls and an ESFR sprinkler system. “We are pleased to see how positively the market respond- ed to this project,” said LMC’s Paul Tavaglione , executive VP/COO “101 Circle Drive North presented RCF USA with a truly unique opportu- nity to relocate to brand-new, move-in ready warehouse space in what has become one of the Garden State’s most sought-after markets for small and mid-size distribution re- quirements.” MAREJ
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