In a transaction arranged by CBRE, Capacity LLC, a leader in order fulfillment, e-commerce and electronic data interchange (EDI), has committed to a 300,000 square foot lease at 1601 Livingston Avenue in North Brunswick. Currently under construction, and built to suit, the new property is slated for occupancy in February 2020.
CBRE Vice President John Maloney represented Capacity LLC in the lease negotiations.
“This site expands Capacity’s footprint in North Brunswick, with optimal transportation options and centralized labor pool,” said Mr. Maloney. “This new Class A development will provide Capacity LLC with 36-40+ foot clear ceilings and 10,000 square feet of custom renovated office space serving as their new headquarters. After conducting a highly targeted market analysis, we ascertained that 1601 Livingston Avenue met all of our client’s requirements.”
“John Maloney and his CBRE team were instrumental in executing this deal, exhibiting deal patience and strategic oversight of our continued expansion in a very challenging real estate market,” said Arlen Fish, Chief Financial Officer at Capacity LLC.
The property’s owner,1600 Building B LLC, was represented in-house during negotiations.
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