ROBBINSVILLE, NJ-CB Richard Ellis completed of a 504,286-square-foot industrial lease transaction at 100 West Manor Way in Robbinsville, NJ. CBRE's industrial leasing team of Mindy Lissner, EVP; William Waxman, EVP; Stacey Weinberg, senior associate, and Susan Strauss, client services specialist, represented the tenant, Kenco Logistic Services LLC, in this transaction.
Chuck Fern of Jones Lang LaSalle represented the landlord, Principal Real Estate Investors. "In this transaction, the tenant, Kenco Logistic Services LLC, a leading provider of integrated logistics solutions, was in search of an industrial facility that could be utilized as a distribution center, which is conveniently positioned within close proximity to New Jersey's major highways, including the New Jersey Turnpike, in order to provide better service to its Northeast-based clientele," Lissner says. "In addition to access to local thoroughfares, the tenant also needed a space that would allow them to expand as the company continues to grow its operations. By utilizing CBRE's vast platform of services, as well capitalizing on our team's extensive knowledge of the local New Jersey industrial marketplace, we were able to quickly identify this space as the best possible match to suit Kenco's specific requirements."
Located at 100 West Manor Way in Mercer County, the single-story, 905,000-square-foot industrial/distribution facility was originally built in 2007 and features state-of-the-art amenities, such as pre-cast construction, a K-14 ESFR sprinkler system, 376 free surface car parking spaces and 152 free industrial trailer spaces with an additional 75 spaces against the building.
The site, which spans 69.1 acres, is well located within the Trenton submarket, offering tenants frontage on the New Jersey Turnpike at the crossroads of Exit 7A and Interstates 295 and 195. "We have seen a tremendous amount of activity across New Jersey's industrial market in 2011, demonstrating tenants' willingness to commit to larger blocks of space, particularly in Central New Jersey, which outperformed Northern New Jersey in terms of new leasing velocity in the first quarter of this year," Waxman says.
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