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Cushman & Wakefield Arranges Sale-Leaseback of 473 Ridge Road in South Brunswick, N.J
318,389-Square-Foot Warehouse/Distribution Facility with Expansion Opportunity on 28-Acre Parcel Closes
By: Cushman & Wakefield
The location provides easy access to the New Jersey Turnpike/I-95, I-287, I-78, and U.S. Routes 1, 9 and 130. Approximately 45 miles southwest of Manhattan and 60 miles northeast of Philadelphia, the location places nearly 60 million customers within a five-hour drive. The facility had been occupied by leading sportswear manufacturer Central Mills, Inc. d/b/a FREEZE and will continue to be occupied by them under a long-term sale-leaseback arrangement.
"This well-positioned property and building offers unique accessibility to major markets, along with the possibility of expansion," noted Cushman & Wakefield's Gary Gabriel from the global commercial real estate services firm's investment sales team in East Rutherford, who led the assignment with David W. Bernhaut and Andrew Merin, along with Brian Whitmer, Kyle Schmidt, Andrew Schwartz, and Ryan Larkin, with the help of local leasing broker Chuck Fern.
"The e-commerce boom continues to spur demand among logistics and other last-mile delivery companies for space in the 8a industrial market," said Kyle Schmidt. "This well-positioned location ensures easy access to the mass population around the New York Metro area and the inland distribution markets."
"473 Ridge Road offers attractive features like clear height of up to 28 feet, with 20 trailer spaces and 582 spaces for automobiles, and 25 exterior tailgates with six interior tailgates and a drive-in door," added Schmidt.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake (http://www.twitter.com/
Evelyn Weiss Francisco