CRANBURY, NJ-Katt Worldwide Logistics LLC has signed a lease for 154,096 sf at 1240 Cranbury South River Rd. here. The third-party logistics company plans to set up a warehouse operation at the one-story industrial facility, which is owned by an investment group.
Katt Worldwide was represented by Charles Fern and Joel Lubin, EVPs and principals of Lee & Klatskin Associates of Teterboro and Edison. Terms of the transaction were not disclosed. "The facility provided immediate occupancy, which was a top priority for Katt Worldwide's warehouse purposes," Fern says.
The signing is also one of three industrial leases arranged recently by Lee & Klatskin, accounting for a total of some 238,000 sf of space. In the second, Fern and Lubin represented DePinto Trucking in a 51,890-sf lease at Executive Ave. in Edison, within Heller Industrial's eight million-sf Heller Industrial Park there. The tenant will use the space for the warehousing and trucking of household goods.
Finally, American Vinyl Concepts Inc. has taken 32,000 sf within the 65,000-sf 601 Prospect Ave. in Lakewood. The tenant will use the space for the manufacture and distribution of its thermoplastic railing products. In this case, the tenant was represented by associate vice president J. Eric Hill and associate Sean Hill of Lee & Klatskin.
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