S hopping C enters N ew J ersey
Real Estate Journal — New Jersey — Section B
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Transport Commerce Center Principal Real Estate Investors & CBRE break ground on 242,296 s/f industrial building in Avenel
VENEL, NJ — Princi- pal Real Estate Inves- tors broke ground on the Transport Commerce Center, a high-efficiency, state-of-the-art distribution facility located at 1400 Randolph Ave. in the Ave- nel section of Woodbridge Twp. Senior representatives from Principal were joined at the groundbreaking by Mayor John McCormac, along with mem- bers of the Township Council and other local dignitaries. Transport Commerce Center is located in Middlesex County, just west of Exit 12 on the New A HI-LIGHTS Oct. 13 - 26, 2017
• Overhauling the current food court into a grand Euro- pean-style food hall known as The Marketplace. Kiosks will be leased to a rotating roster of local vendors, with an eye toward making the public space a day-and-night dining desti- nation that constantly offers exciting and fresh options. New dining tables and chairs will be installed on the waterfront esplanade. • Installing new interior design features which reflect the themes of openness and efficiency with the creation of collaborative meeting spaces featuring modular, modern furniture that’s perfect for meetings or independent work, but comfortable enough for true rest and relaxation. • Reskinning of Harborside’s office buildings, including re- skinning the east side of the eight-story Harborside 1 build- ing and the first three floors of Harborside 2 and 3 with state- of-the-art, floor-to-ceiling glass and steel, designed to increase natural light and views of the Hudson and New York City. n transforms a former aban- doned industrial site into a productive commercially suc- cessful warehouse and distri- bution facility. It is important to note that this development would not have been possible without the partnership com- mitment of Principal Real Estate Investors, CBRE and the Woodbridge Township Redevelopment Agency .” With a 36-foot clear height, Transport Commerce Center will be built with insulated pre-cast concrete panel con- struction. It will feature up to 108 spaces for car parking and up to 43 spaces for trailer park- ing. The modern warehouse will offer 40 9-foot-by-10-foot dock doors and two 12-foot-by- 16-foot drive-ins. The facility is designed with 54-foot-by- 54-foot column spacing with 60-foot speed bays. n
dustrial market in New Jersey continues to tighten, we expect to see significant demand for the well-located product that we’re building.” Mindy Lissner , executive vice president with CBRE, added: “This new distribution facility is situated in the heart of one of the world’s most lucra- tive consumer markets. It’s ide- ally suited for end-users with a regional, national or global base of operations.” “Today’s groundbreaking represents yet another mile- stone toward achieving our goal that Woodbridge Town- ship remains the center of commercial development in Central New Jersey,” Mayor John E. McCormac said. “The 1400 Randolph Ave. ware- house development stands as the first phase of a significant redevelopment project that
Senior representatives from Principal were joined at the groundbreaking by Mayor John McCormac, along with members of the Township Council and other local dignitaries. Jersey Tpke. and immediately east of Rtes. 1 and 9.
tor at Principal Real Estate Investors. “Furthermore, the center’s location is superb, of- fering direct access to the New Jersey Tpke. and to the key New Jersey ports. As the in-
“Transport Commerce Center is designed with efficiency and flexibility in mind,” said Rob Klinkner , managing direc-
Mack-Cali Realty Corporation unveils $75mcapital transformation of Harborside
SPO TLIGHT Southern NJ
5-13B
JERSEY CITY, NJ — Mack-Cali Realty Corpora- tion unveiled its plan to invest $75 million toward transform- ing Harborside into a vibrant cultural district along the Jer- sey City waterfront. With the initiative, the company is em- barking on the next step of its plan to modernize Harborside’s existing class A office buildings spanning 4.3 million s/f and drastically upgrade its public and retail spaces. SJP Properties , a developer of class A commercial proper- ties, will serve as the project’s development manager. SJP will oversee and execute the archi- tectural overhaul, which was designed by Elkus Manfredi Architects to reflect the site’s past as an industrial shipping and rail terminus. Earlier this year, Mack-Cali announced its plans to develop a new 1.2 million s/f, build-to-suit office tower at Harborside in partner- ship with SJP adjacent to its Harborside complex. Since announcing a consoli- dation of its office portfolio in 2015, Mack-Cali launched
Southern NJ
12-13B
Harborside rendering
16B
Key components of the cur- rent transformation phase include: • Revamping of the buildings’ lobbies and adjoining internal passageways to the Harborside Atrium, creating pedestrian routes to the lobbies. The hall- ways and built-in lounge areas will be refinished with a raw, industrial aesthetic that pays homage to Harborside’s indus- trial past, including dark metal finishes that directly reference the railroads, and intricately detailed wood planks that refer- ence the shipping piers.
a multi-phase improvement plan for Harborside. With these improvements, Mack- Cali is charting a course for Harborside as a walkable and easily accessible cultural dis- trict, and catalyzing the Jersey City waterfront’s continued evolution into a destination neighborhood on the banks of the Hudson River. Mack-Cali began the initia- tive with the reinvention of the Harborside Atrium, which now doubles as a cultural space that hosts music, dance, art perfor- mances, and ‘foodie’ fests.
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