"It will be one of the largest new warehouse/distribution facilities in the north-central part of New Jersey," says Greg Rogerson, a principal of JGPCO. "We have designed this facility with a number of state-of-the-art features, like 36-foot clear ceiling heights, 50-foot by 60-foot stage bays and an ESFR sprinkler system. We believe it will appeal to a wide range of users."
And JGPCO has hired Cushman & Wakefield of NJ as exclusive broker to find users for that new space. For C&W, Frank Caccavo Jr., EVP, executive director Jason Goldman and sales associates Andrew Siemsen and Glenn Talavera have the assignment. All are based in the firm's Edison office.
"We're very confident that this will be a winning project," Caccavo says. "Its advantages, the continued growth of the port, coupled with the recent successful history of other new developments in the submarket makes us very optimistic that the market will embrace Middlesex Logistics Center."
And that submarket is Exit 10 of the New Jersey Turnpike in Middlesex County. The one-story building's site is less than 20 miles from the Port of Newark/Elizabeth, and about 30 miles from New York City. The space is listed on C&W's website with an asking price "to be determined," and with a term available "on request."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
