SOMERSET, NJ—Reflecting the shrinking pool of available industrial property in north and central New Jersey, Princeton-based Cabot Properties has fully leased two single tenant warehouses it owns at 95 Clyde Rd. and 645 Howard Avenue in Somerset, NJ. Colliers International arranged the new, long-term leases totaling 147,000 square feet.
Iberia Foods Corporation leased 82,000 square feet at 95 Clyde Road, which features eight tailgate loading doors and 24-foot ceilings. The East Coast food and beverage supplier recently relocated its subsidiary Brooklyn Bottling Group, a manufacturer and distributor of international beverage brands, from Carteret, NJ to the property.
Event Solutions International leased 65,000 square feet at 645 Howard Avenue, which includes 8,000 square feet of office space and four tailgate loading doors. The vehicle management services company will relocate and expand its New York/New Jersey regional warehouse from East Brunswick, NJ in September after completion of retrofitting at the property.
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