A member of the Sudler tenant family since 1998, Capacity, which specializes in order fulfillment, e-commerce, warehouse distribution and Electronic Data Interchange integration with warehouses, has renewed its lease for the entire 125,000-square-foot building at 1112 Corporate Rd. within the Sudler Corporate Park. In a concurrent transaction, Capacity also expanded its footprint in the park, signing a long-term lease for the 130,000-square-foot 1101 Corporate Rd., formerly part of the campus of Church & Dwight Co., owner of the Arm & Hammer brand.
"Although the real estate market is challenging, leasing activity in the Central New Jersey industrial market has been on the upswing," says Spinweber. "Industrial tenants are taking action, and Capacity took the opportunity to concentrate its office and warehousing needs together."
Built in 1980, the property, which sits on an 11-acre lot, features 40-foot by 40-foot column spacing, one drive-in dock and 10 external docks. With this transaction, Capacity is consolidating its Eastern warehouse and fulfillment services hub from 1600 Livingston Ave.
In a separate deal Sudler completed a 15,000-square-foot, long-term lease agreement at 31 Park Rd. in Tinton Falls. The company's vice president of leasing, Jeffrey H. Hale, represented Sudler internally, while Weichert's Mark Fowler represented the tenant, Frozen Ropes.
"During the past couple of months, there has been an uptick in leasing activity in the Central New Jersey industrial market as tenants are recognizing affordable deals for buildings in prime locations," Hale tells GlobeSt.com. "Landlords have also influenced this increase in activity by offering attractive rental rates, and flexible lease terms. " The tenant, who relocated from 46 Park Rd., plans to use its space in the 26,000-square-foot mixed-use building as a training facility for both baseball and softball players.
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