S hopping C enters N ew J ersey /P en sylvania
M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B
www.marej.com
Facility along NJ Tpke. corridor accommodates supply chain logistics needs Duke Realty secures lease deal with global apparel importer for 207,000 s/f in New Jersey
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brands in every distribution channel and is a key supplier to major retailers across the coun- try. Duke Realty’s facility at 773 Cranbury South River Rd. is a 488,884 s/f cross dock facil- ity. With Vandale’s long-term lease agreement for 207,021 square feet of space, the facility remains fully leased. “We do not see the demand for well-located, high-quality logistics space waning anytime soon, given the growth of the e-commerce industry,” said Art Makris , senior vice president of Duke Realty’s Northeast region. “We count on our local broker partners to share insights into tenant needs and together we can quickly identify investment opportunities that meet those needs further expanding our New Jersey portfolio.” Vandale was represented by Chuck Fern and Jason Barton with Cushman & Wakefield . Duke Realty was represented by Michael Kim- mel, Jason Goldman, Marc Petrella and Andrew Siem- sen on behalf of Cushman & Wakefield. MAREJ
OUTH BRUNSWICK, NJ — The New Jersey office of Duke Realty
Co r po r a - t i o n h a s s e c u r e d a l o n g - t e rm lease agree- ment wi th Vandale In- dustries Inc. ( Va n d a l e ) for 207,021
Ben Rosen
s/f of space within its facility at 773 Cranbury South River Rd. in South Brunswick. The warehouse and distribution HI-LIGHTS JUNE 18 - JULY 22, 2021
773 Cranbury South River Rd. logistics networks. They want locations where they can get their products to customers with limited delay,” said Ben Rosen , vice president of leas- ing and development for Duke Realty in New Jersey. “773 Cranbury South River Road is a modern facility located within central New Jersey’s
facility is located within the Exit 8A submarket and offers Vandale convenient access to the New Jersey Tpke.and other major thoroughfares. “Over the past year, the na- tion’s supply chain has been tested and Duke Realty clients continue to look for oppor- tunities to strengthen their
premiere industrial submar- ket that enables Vandale to effectively serve its major U.S. retailer clients.” Vandale is a leading importer of intimate apparel and foun- dations, including daywear, sleepwear, activewear and shapewear. The company man- ages private label and national
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Dalfen Industrial acquires 149 acres in Central Pennsylvania for development
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PROCIDA FINANCES DEBT CONSOLIDATION OF LONG-STANDING MELRAY’S FURNITURE
BETHEL, PA – Dalfen Industrial has acquired 149 acres of land in Bethel. Dal- fen plans to develop three industrial buildings totaling 1,177,400 s/f on this land with an estimated completion date of Q1 2023. The land is located in the Le- high Valley industrial submar- ket directly off of I-78. This submarket is one of the most active and fastest growing submarkets in the Northeast United States with ability to easily access major population centers within a few hours’ drive, including New York City, Philadelphia, Boston, and Washington, D.C “The Lehigh Valley submar- ket is a critical location for supply chains in the North- eastern United States, yet development opportunities are scarce,” said John Lettieri ,
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Central Logistics Park rendering “Dalfen is focused on ex- panding our portfolio in strate- gic markets in the Northeast,” said company president and chief investment officer, Sean Dalfen . “Lehigh Valley has one of the strongest industrial markets in the country with
market officer for Dalfen. “De - veloping three fulfilment cen - ters in this highly demanded location will result in exten- sive tenant demand for prime real estate with all of the mod- ern characteristics needed for e-commerce clients.”
a combination of multi-direc- tional interstate connectivity, a more affordable labor base than competing Central New Jersey locations, and strategic logistics connectivity to major United States metropolitan areas.” MAREJ
www.marej.com 16B PEOPLE ON THE MOVE
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