4C — May 29 - June 11, 2015 — Industrial / Distribution Centers — M id A tlantic
Real Estate Journal
www.marejournal.com
I ndustrial R eal E state & D istribution C enters 171 River Road will offer 265 acres of highly accessible build-to-suit warehouse space Colliers International named marketing agent for 2.4m s/f industrial park in Piscataway, NJ P ISCATAWAY, NJ — Colliers Interna- tional has been re- activity and overall fun- damentals all indicating a resilient 2015.” Each building’s standard design includes 36-foot clear ceiling heights; a glass en- tryway; one 10,000 s/f load- ing with levelers, seals and bumpers; a sprinkler system; three percent office space; trailer storage; and concrete paved trailer pads. n
192,000 s/f to 396,000 s/f, 40 loading docks and parking for 78 trailers. The master plan also calls for the construction of new roads, infrastructure and landscaping. “We are thrilled to bring this ideally located and ex- pansive industrial park to market,” said Bradford Fenlon , executive managing director of Colliers Interna- tional, who will oversee the marketing on behalf of the ownership. “The New Jersey industrial market has been incredibly robust in recent quarters, with construction
tained by Lincoln Equities Group as the exclusive mar- keting agent for 171 River Rd. in Piscataway, NJ. The developer recently received site approval to build a new 2.4 million s/f, class-A industrial park just one mile from I-287 Exit 8. Construction is sched- uled to begin in 2015, with an anticipated completion date for third quarter 2016. The 265-acre, build-to- suit industrial park will fea- ture pad sites ranging from
Marchisio and Bartolomeo of Lee & Associates, NJ win Industrial Deal of the Year at NAIOP Awards Ceremony
The event – held at The Palace in Somerset Park - at- tracted hundreds of real es- tate executives and business leaders throughout the state to honor accomplished profes- sionals and high-profile deals from last year. Marchisio and Bartolomeo took home the 2015 Indus-
trial Deal of the Year for their outstanding work on the
ELMWOOD PARK, NJ — Rick Marchisio , president, Lee & Associates, NJ and Crista Bartolomeo , assistant vice president, were among the honorees at last week’s gala event hosted by the New Jersey chapter of NAIOP , the Commercial Real Estate Devel- opment Association.
2014 l ease transaction o n b e h a l f o f Wenne r Bread’s his- toric reloca- t i o n f r o m L o n g I s - land to New Brunswick. In late 2014, they negoti- ated a long- term lease for this 58- y e a r o l d Long Island, New Yo r k company in its move to
Rick Marchisio
Crista Bartolomeo
a 301,626 s/f manufacturing facility at 571 Jersey Ave. in New Brunswick. “We are grateful for this distinguished award and being recognized by our peers and industry ex- ecutives. On many levels, the Wenner Bread deal was a very significant deal for the state of New Jersey – especially from an economic standpoint as it is expected to bring in hundreds of jobs. Lee & Asso- ciates, NJ played a major role in this transaction and we are honored to be recognized for our efforts,” Marchisio adds. “In addition, Ted Zangari Esq. , of Sill Cummis & Gross, PC was extremely instrumental in making the deal happen” according to Marchisio. In addition to securing maximum NJ state benefits of approximately $30 million over ten years, he was also instrumental in reactivation of freight rail to the site, and securing land use approvals. Besides Sills Cummis, Cushman&Wake- field , Avison Young , Fried- lander Misler PLLC , the state Economic Development Authority all participated in the transaction. “This honor is not just for me and Crista, but the entire team at Lee & Associates, NJ. We are thankful for the support, trust and commit- ment our clients display on a regular basis and it is honor to work with them.” n
287,000 SF 1,300,000 SF TO NJ TPKE EXIT 8A NEW CONSTRUCTION
Lease with the
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