SOUTH BRUNSWICK, NJ—CDS Logistics and Best Logistics have leased 450,000 square feet of space at 301 Middlesex Center Boulevard, a class-A industrial building located within the three-building Middlesex Center in South Brunswick, NJ.
CBRE facilitated the transactions, which bring the newly constructed, speculative facility to full occupancy. CDS leased 250,000 square feet and Best Logistics leased 200,000 square feet.
The CBRE team of Steven Beyda, Mindy Lissner and Scott Belfer arranged the transaction on behalf of landlord IDI Gazeley, a leading developer and investor of industrial real estate. Beyda also led a team that included Kevin Dudley and William Waxman representing Best Logistics. CDS was represented by Joe Nitti of Cresa.
“Exit 8A is one of New Jersey's hottest submarkets for industrial property, and this class-A facility provides an ideal location for premier third-party logistics providers like CDS and Best Logistics,” says Beyda. “To facilitate lease-up in a more timely manner, we utilized the latest technologies, including virtual reality tours, to draw greater interest from local and national prospective tenants. We ultimately decided to divide the building into a multi-tenant facility, and IDI Gazeley was able to pursue the subdivisions without a hitch. These leases also mean that all three buildings at Middlesex Center are now fully occupied, providing further evidence of the continued strength of New Jersey's industrial market.”
Situated just off of the New Jersey Turnpike in South Brunswick, 301 Middlesex is less than 30 miles away from the ports of New York / New Jersey and Newark International Airport. The property includes 36-foot ceiling heights, ESFR sprinkler systems and cross-docked loading. Among tenants at Middlesex Center is Williams-Sonoma.
“CBRE had some unique marketing concepts that helped lease the building within only six months of the assignment,” says Doug Armbruster, senior vice president and regional director of IDI Gazeley's East Region. “CDS and Best Logistics are among the most prestigious logistics providers in the region, and we're very excited to welcome them to our property.”
SOUTH BRUNSWICK, NJ—CDS Logistics and Best Logistics have leased 450,000 square feet of space at 301 Middlesex Center Boulevard, a class-A industrial building located within the three-building Middlesex Center in South Brunswick, NJ.
CBRE facilitated the transactions, which bring the newly constructed, speculative facility to full occupancy. CDS leased 250,000 square feet and Best Logistics leased 200,000 square feet.
The CBRE team of Steven Beyda, Mindy Lissner and Scott Belfer arranged the transaction on behalf of landlord IDI Gazeley, a leading developer and investor of industrial real estate. Beyda also led a team that included Kevin Dudley and William Waxman representing Best Logistics. CDS was represented by Joe Nitti of Cresa.
“Exit 8A is one of New Jersey's hottest submarkets for industrial property, and this class-A facility provides an ideal location for premier third-party logistics providers like CDS and Best Logistics,” says Beyda. “To facilitate lease-up in a more timely manner, we utilized the latest technologies, including virtual reality tours, to draw greater interest from local and national prospective tenants. We ultimately decided to divide the building into a multi-tenant facility, and IDI Gazeley was able to pursue the subdivisions without a hitch. These leases also mean that all three buildings at Middlesex Center are now fully occupied, providing further evidence of the continued strength of New Jersey's industrial market.”
Situated just off of the New Jersey Turnpike in South Brunswick, 301 Middlesex is less than 30 miles away from the ports of
“CBRE had some unique marketing concepts that helped lease the building within only six months of the assignment,” says Doug Armbruster, senior vice president and regional director of IDI Gazeley's East Region. “CDS and Best Logistics are among the most prestigious logistics providers in the region, and we're very excited to welcome them to our property.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
