While the landlord declined to give the rental rate, industrial space in Sayreville is running anywhere from $8.50 to $12, according to industry experts.

A.H. Harris serves the heavy and highway, commercial, industrial and residential markets specializing in areas of concrete formwork and accessories, concrete repair and restoration, geotextiles and erosion control. The company has 40 distribution centers located in New England and the Mid- and South-Atlantic regions. The firm is slated to take possession of the Cheesequake Road space in the fourth quarter, when construction on the single-occupant facility wraps up.

"A.H. Harris was looking for a new, modern facility with an outside storage area and highway/road access convenient to its customer base and employees," says FSW managing director Lori Zuck, who arranged the lease with Adrienne Bzura, associate director. Zuck tells GlobeSt.com that the new site fits all of the tenant's criteria, and has easy access to the Garden State Parkway, as well as Routes 9, 18, 34, 35, 95, 287 and 440. Despite the down market, Zuck notes that the transaction went off without a hitch.

A separate, 61,665-square-foot building is proposed for construction at the site, intended either for a single, large user, or to be divided among several tenants.

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
NOT FOR REPRINT

© 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.