DAYTON, NJ—One Stop Logistics will spend the next 10 years in Dayton, NJ.
Jones Lang LaSalle, representing owners Accordia Realty Ventures and EverWest Real Estate Investors, signed One Stop to a 10-year lease at 83 Stults Road. The logistics company is leasing the entire 369,000-square-foot distribution and warehouse facility.
Accordia Realty and EverWest Real Estate were represented by Brian Golden, JLL executive vice president. He worked closely with Joe Romano, Accordia Realty principal, and Krystal Arceneaux, EverWest head of asset management. The tenant was represented by Brian DiPinto, director, The Blau & Berg Co.
“One Stop Logistics was looking for a large, well-located distribution facility within New Jersey's thriving Exit 8A industrial submarket,” says Golden. “The logistics firm found an ideal location at 83 Stults Road, which offered direct access to the New Jersey Turnpike.”
83 Stults Road was built in 1974. The building includes 20,382 square feet of office space on 34 acres within a corporate park setting. The facility offers a 24-foot clear ceiling height and 24 interior loading doors, with cross dock loading. It also includes 150 car parking spaces and approximately 100 trailer spaces, with room to expand the number of spaces for each.
Accordia and EverWest acquired 83 Stults Road and an additional 20 acres of adjacent land from Hermann's Services in February 2017. The firms signed a sale-leaseback with the logistics/distribution company, allowing Hermann's Services to continue to occupy the property for one year. JLL represented Accordia and EverWest in both the initial sale and the sale-leaseback.
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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].
