PISCATAWAY, NJ—Global Transport Logistics. has leased 253,575 square feet of newly constructed warehouse/distribution space in Piscataway. GTL's relocation to 276 Old New Brunswick Road from Fair Lawn, NJ, will nearly double the third-party logistics company's regional warehouse footprint.
Colliers International's Logistics and Transportation Group chartered members, Noah Balanoff, based in the global commercial real estate services firm's Parsippany, NJ, office, and Chuck Littell, of its Los Angeles, CA, office, headed the long-term transaction on behalf of Global. Ontario, CA-based Gregory Healy, who leads Colliers' Supply Chain and Logistics Consulting group, were instrumental in developing Global's relocation strategy.
Global Transport Logistics is a licensed air, ground and ocean freight forwarding company, specializing in the consolidation and transport of less-than-truckload and truckload freight.
“Our client was near capacity and continues to grow their customer base, so this was an opportune time to optimize their distribution and transportation to drive delivery costs down and increase service levels,” says Balanoff. “Gregg and his team examined Global Transport Logistics' customer and delivery locations to identify the best location. Within the local market, 276 Old New Brunswick Road offers all the efficiencies and functionality of new industrial construction. The property is an ideal fit.”
According to Balanoff, the transaction illustrates the benefits of Colliers' broker network and comprehensive service platform.
“Chuck, who recently assisted Global with an expansion in Southern California, tapped into our local office to provide market knowledge and hands-on leadership,” he says. “This, combined with the involvement of our supply chain specialty group, ultimately created a solution that provides efficiency and real estate cost savings, while positioning this valued client for strong future growth. The landlord, Industrial Property Trust, was extremely helpful and creative in its efforts to bring Global Transport Logistics to its new development project.”
Jones Lang LaSalle served as landlord representative for Industrial Property Trust.
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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].
