"These properties were all built in the past nine years, and they feature amenities such as metal halide lighting and ESFR sprinklers," Pulice says. "And New Jersey's 8A exchange is a premier location for warehousing and distribution operations."

"By continuing to equip our properties with the technology and amenities our tenants need, we're confident that they will continue to create value for our tenants and clients alike," says Kevin Smith, TIAA-CREF's director of asset management.

About half of the total space is currently available and it's listed with an asking price of $4.75 per square foot. The 233,000-square-foot building on 25 acres at 260 Prospect Plains Rd. within the Rockefeller Group FTZ is available in its entirety. Built in 2005, it was acquired by TIAA-CREF from Rockefeller Group Development later that year.

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