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Real Estate Journal — Northern New Jersey — July 12 - 25, 2019 — 5B
www.marej.com
M id A tlantic
Firm secures 10-year lease at EverWest’s & Accordia Realty Venture’s new development JLL secures lease for full 203,488 s/f distribution and warehouse facility in South Brunswick, NJ S
the heart of the hottest in- dustrial market in the state, and the ownership team worked for more than a year to secure approvals with the local municipality to build a new facility. The project is currently under construction, and will include 36-foot clear ceiling heights, 52 loading docks, four drive-in doors, 38 car parking spaces and 75 trailer stalls. The distribution and warehouse facility is expect- ed to be completed by the end of 2019. “This is an ideal opportu- nity to take advantage of a centrally located facility that provides easy access to the greater New York region and the east coast,” said Golden. “The state-of-the-art facility offers close proximity to the New Jersey Turnpike’s Exit 8A at a time of limited supply in this demanding industrial submarket.” unique and fashionable home textile products at key value price points: Bedding, Window Coverings, Decorative Pillows, Bath Décor, Outdoor Living, Gift Sets and Accessories all for the home. Triangle Home Fashions also sells directly to consumers via www.lushde- cor.com Throughout its 80-year his- tory, Greek Development has completed over 25 million square feet of development projects and has built an outstanding reputation for excellence in the New Jersey and Pennsylvania industrial real estate markets. Greek’s current developments include the Linden Logistics Cen- ter, a 4.1 million s/f class A warehouse development on 350 acres in one of the na- tion’s most vibrant industrial markets, and Logan North, a new generation high-quality master-planned business park in Gloucester County, New Jersey.
OUTH BRUNSWICK, NJ — JLL has com- pleted a 203,488 s/f lease transaction for an ap- parel company, for the full new development at 85 Stults Rd. in South Brunswick. The distribution and ware- house facility, now under construction, is a joint ven- ture between EverWest Real Estate Investors and Accordia Realty Ventures . The apparel company signed a 10-year lease. Brian Golden , managing director, at JLL, represented ownership and Joel Lubin , executive managing director and Gary Politi , senior vice president at JLL represented the tenant in the transaction. EverWest Real Estate and Accordia Realty Ventures acquired 20 acres of land at 85 Stults Rd., along with a 369,000 s/f building at 83 Stults Rd., from Hermann’s Services Inc. in 2017. One EAST BRUNSWICK, NJ — Greek Development , a leading full-service industrial real estate company, has an- nounced that Triangle Home Fashions, L.L.C, has signed a long term commitment for 124,000 s/f of warehouse space located at 120 Tices Lane, in East Brunswick, New Jersey. Conveniently located 1.3 miles from exit 9 of the New Jersey Turnpike, Highview Industrial Park’s Tices Lane Section contains three build- ings totaling 202,400 rentable square feet. 120 Tices Lane boasts 14 loading docks, 5 drive-ins, heavy power and a 24-foot clear height. Triangle Home Fashions is relocating from their existing 57,600 square foot space in Southview Industrial Park located at 9 Nicholas Court in Dayton, New Jersey which is managed by Greek Develop- ment. Triangle Home Fashions is a leading designer, marketer
85 Stults Road
Stop Logistics leased the space at 83 Stults Rd. for a 10-year period in 2018, with
JLL representing Accordia Realty Ventures and Ever- West in the transaction.
85 Stults is located ad- jacent to the New Jersey Turnpike’s Exit 8A, and in
Greek Development closes a 124,000 s/f Long Term Lease in Highview Industrial Park with Triangle Home Fashions LLC
120 Tices Lane
and distributor of home décor products to ecommerce, as
well as brick and mortar re- tailers in the US. Marketed
under the Lush Décor brand, Triangle fulfills the need for
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