CLINTON, NJ-Woodmont Industrial Partners has retained Jones Lang LaSalle to lease, the 729,000-square-foot I-78 Logistics Center located at 111 Cokesbury Road here. In addition, WI Partners has received approvals from Clinton and Lebanon townships to add 36 loading docks and convert the building into a state-of-the-art distribution center, which was built in 1978 and expanded in 1997.
The building had been run by the now-defunct K-B Toys, according to published reports. "I-78 Logistics Center presents a tremendous opportunity to transform a well-located industrial building into a cutting-edge distribution center for local, regional and national distribution," says Gene Preston, managing principal of Woodmont Industrial Partners, in a statement. "This building has an ideal location for any number of companies that distribute products throughout the Northeast, and we are confident that the experienced team at Jones Lang LaSalle will identify high-quality tenants for the property."
The JLL team managing the assignment includes managing directors Robert C. Kossar, SIOR, David Knee, Charles Fern, and Brian Knowles; and vice presidents Blake Chroman, Chris Hile and Dean Brody. Currently vacant, the I-78 Logistics Center sits on 100 acres along Interstate 78. The facility offers 10,000 square feet of finished office space, and a a total of 83 tailboard docks with one drive-in door when recently approved new docks are installed early next year.
"The upgrades planned for this property will strongly position it to support the needs of today's users, and provides flexibility and divisibility," Kossar says.
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