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Netflix Nabs Its Own Rental in Southern NJ

BORDENTOWN, NJ-CB Richard Ellis brokered the 40,000-square-foot industrial lease at Central Crossings Business Park here.

By Alyson Grala | Updated on April 28, 2010

BORDENTOWN, NJ-Representing owner KOR Cos., CB Richard Ellis has brokered a 40,000-square-foot lease in Burlington County. The newly constructed warehouse/distribution facility will be home to Netflix, Inc., which ships an average of 2.2 million DVDs each day. .

Netflix, which will move into the new space at 220 Bordentown Hedding Rd. on May 1, was drawn to the business park’s strategic location and proximity to its current workforce as well as the Hamilton/Trenton Post Office. According to CBRE’s Q1 Greater Philadelphia industrial report, rental rates in Burlington County are $3.38 a square foot.

“Given the requirement for a modern facility, Central Crossings provides Netflix with the opportunity to implement high-tech sorting equipment further validating that regional and national companies are constantly looking for state-of-the-art facilities even in an economic downturn,” Harry Kantor, president and CEO of KOR, tells GlobeSt.com.

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