The New Jersey office of Duke Realty Corporation secured a long-term lease agreement with Bob’s Discount Furniture for its 622,230-square-foot distribution facility currently under construction at 150 Old New Brunswick Road in Piscataway.
“We are thrilled that this premiere development project will meet the distribution needs of Bob’s Discount Furniture,” says Ben Rosen, vice president of leasing and development for Duke Realty in New Jersey. “This lease transaction is another example of why Duke Realty continues to invest in developing state-of-the-art industrial distribution facilities in strategic, high-demand locations along the New Jersey Turnpike corridor.”
Once complete in summer 2021, 150 Old New Brunswick Road will provide the national furniture retailer with a LEED® certified industrial facility featuring 40’ clear height, 125 dock doors, 302 parking spaces and 127 trailer spaces.
“At Duke Realty, we remain laser-focused on a growth strategy that includes the acquisition of infill properties and land for redevelopment in New Jersey and markets across the country,” says Art Makris, senior vice president of Duke Realty’s Northeast region. “We have successfully completed redevelopments by working closely with local government officials. In this case, Piscataway Mayor Brian Wahler and township staff were instrumental in helping us move forward with a smart approach to the redevelopment of a site that had remained vacant for more than 30 years.”
“Our continued new store growth at Bob’s Discount Furniture necessitates the expansion of our distribution network,” said Chris Day, senior vice president of real estate at Bob’s Discount Furniture. “Our business requires a DC network which allows us to efficiently deliver merchandise to our customers. This Duke Realty facility will provide us with a well located, ultra-modern, warehouse space allowing us to better serve our customers in this region of the country.”
With 140 furniture stores across 22 states, the Manchester, Connecticut-based company has become the 10th-largest U.S. furniture chain and proudly holds an A+ rating from the Better Business Bureau. In 2020 MyBobs was named a “Top Online Shop” by Newsweek, and for the second year in a row has been recognized as a leader in sustainability by both the Sustainable Furnishings Council (SFC) and the National Wildlife Federation (NWF).
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