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Genesis Logistics Leases 60,000 SF

BORDENTOWN, NJ-The company will occupy half of a spec building at KOR's Central Crossings Business Park.

By Eric Peterson | Updated on November 07, 2008

BORDENTOWN, NJ-Genesis Logistics has signed a lease for 60,000 square feet within KOR Cos. Central Crossings Business Park at 300A Bordentown Hedding Rd. here. The signing represents half of an under-construction spec industrial building, the second to rise within the master planned park.

The deal was brokered for the Wall, NJ-based KOR by Noah Balanoff, Stan Danzig and Jules Nissim of the East Rutherford office of Cushman & Wakefield, along with Steve Tolkach of the Princeton office of Newmark Knight Frank. Frank Caccavo, Jason Goldman and Andrew Siemsen of the Edison office of C&W spoke for Genesis Logistics. Terms of the deal were not released.

The signing is seen as part of a current trend in New Jersey to smaller industrial deals. “The entire New Jersey market has shifted toward smaller industrial requirements, especially in 2008,” Balanoff confirms. “KOR had the foresight to position Central Crossings as one of the few opportunities that offers both new construction and smaller units.”

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