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JRT Realty/C&W Collaborate on Lease Deals

CRANBURY, NJ-JRT Realty Group Inc. and Cushman & Wakefield teamed up to complete nearly 400,000 square feet of industrial lease deals at properties owned by TIAA-CREF in the Exit 8A submarket.

By Maria Wood | Updated on September 01, 2009

CRANBURY, NJ-JRT Realty Group Inc. and Cushman & Wakefield Inc. collaborated on three industrial lease deals totaling nearly 400,000 square feet at properties owned by TIAA-CREF in the Exit 8A submarket here. The two firms provide leasing services at more than 1.6 million square feet of industrial space in the area on behalf of ownership.

The largest deal involved Market Resource Packaging LLC taking 232,886 square feet at 260 Prospect Plains Rd. The company is said to be one of the largest in the contract packing industry. Built in 2005, the property features 40 trailer spaces, a Foreign Trade Zone designation and signage opportunities. The property is now fully occupied.At 1265 S. River Rd., Menlo Logistics Inc. renewed its lease for 101,515 square feet. The company specializes in the integration of all functions across the supply chain, from sourcing of raw materials, through product manufacturing to the distribution of finished goods.

Currently, the building offers units of 111,987 square feet and 127,963 square feet for lease, which can be combined to create a space of 239,950 square feet. Situated on more than 25 acres, building amenities include metal halide lighting, ESFR sprinkler systems, 52-foot by 42.5-foot column spacing and on-site parking.

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