Modell’s Sporting Goods Signs Major Lease in Bordentown
The sporting goods retailer will house its logistics and distribution operations in 312,373 square feet of space at the newly built 569,147-square-foot facility, reports CBRE, which was a broker in the transaction.
BORDENTOWN, NJ—Modell’s Sporting Goods has signed a lease for in excess of 312,000 square feet of space at Matrix Development’s 201 Old York Road building here.
The sporting goods retailer will house its logistics and distribution operations in 312,373 square feet of space at the newly built 569,147-square-foot facility, reports CBRE, which was a broker in the transaction. The firm had conducted a search for space in New York, New Jersey and Pennsylvania to house those functions.
The CBRE team of Bill Waxman, Mindy Lissner and Steven Beyda worked in tandem with Brett Weinblatt of Compass Commercial in representing Modell’s in its space search and lease negotiations. CBRE’s Paul Touhey, Dan McGovern and Jake Terkanian also assisted in the space search.
“The transaction involved an exhaustive search throughout New Jersey, lower New York and Eastern Pennsylvania,” says CBRE EVP Waxman. “The building is a brand-new distribution facility that boasts the types of amenities that will allow Modell’s to improve its supply chain operations, deliver merchandise to the stores more efficiently, enhance its growing e-commerce business and position the company for future growth and exceptional service.”
Modell’s is partnering with enVista, a leading global software solutions and consulting firm, to engineer and furnish its new facility.
201 Old York Road is located less than two miles from exit 7 of the New Jersey Turnpike and is near Port Newark/Elizabeth, the Philadelphia and South Jersey docks, Newark Airport, Philadelphia Airport and JFK Airport in the Central New Jersey industrial market.