The lease comes just a year after VSE leased the 104,000-sf warehouse at 35 Thatcher Rd., also here. Both leases were arranged for VSE by senior managing directors Christopher Marx and Daniel Foley of Studley's Hackensack, NJ office. Owner Forsgate Industrial Partners of Jamesburg, NJ was represented in-house by Catherine Argenio and Alex Klatskin. Terms of the latest lease were not disclosed; comparable space in the immediate Exit 8A submarket is currently listed with asking prices in the $4.50 per sf range.

VSE will use both locations to store and auction off merchandise seized by such federal agencies as the Department of Homeland Security, Customs and Border Protection, Immigration and Customs Enforcement, the Secret Service and the IRS. It is part of a $113-million contract VSE has with the US Treasury. In 2007, the DHS seized some $200 million of counterfeit or pirated goods, topping the 2006 value by 27%.

"Due to the immediate need for increased capacity, VSE wanted to find additional warehouse space near its existing facility in South Brunswick," Marx says. "After locating the space for VSE, we were able to finalize the lease transaction in just 30 days because of the landlord's responsiveness."