Adler Signs 342,000-SF Warehouse Tenant

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WOODBRIDGE, NJ-Kenco Group Inc. has signed a full-building lease for the new 341,500-sf industrial building at 255 Blair Rd. here. Kenco, a Chattanooga, TN-based third-party logistics company, will use the site as a distribution center for a national producer of dry wall and construction materials. The Edison-based Adler Development owns the building and is completing it to Kenco’s specs this fall. As reported by GlobeSt.com, Adler started construction of the building on a spec basis in 2005 after buying the site from Ecolab in 2004.

“Our leasing of the entire facility was consistent with our leasing effort,” says Joshua Adler, a partner at Adler Development. “I saw the greatest value in this building as a single-user site to allow for someone to take advantage of the trailer parking and rail capabilities.”