CBRE Group Inc. Named Exclusive Leasing Agent for Four NJ Industrial Properties

On May 2, 2017

CBRE Group Inc. announced that its New Jersey Logistics Group has been named the exclusive leasing agent for four separate industrial properties, totaling more than 535,000 square feet, in New Jersey.

The CBRE brokerage team of William Waxman, Mindy Lissner, Kevin Dudley, Steven Beyda, Robert Pine, David Gheriani and Kyle Saviano will spearhead leasing and marketing efforts for the following properties:

12 Vreeland Avenue, a 144,340-square-foot industrial building in Totowa, is situated on an 8.5-acre site adjacent to Interstate 80, which allows for convenient access to major highways in the northeast corridor and to New York City. The location also offers access to an abundant labor market. Property features include offices, full air conditioning and ample parking.

In Mahwah, 440 Franklin Turnpike, a fully renovated or built-to-suit industrial flex facility, is available for lease or possibly sale. The property features new loading docks and 36-foot ceilings and offers excellent access to key transportation routes, including Route 17 and Interstates 287 and 87.

In Keasbey, 100 Crows Mill Road presents a unique opportunity to lease up to 133,032 square feet in the heart of Central Jersey. Strategically located at the crossroads of the New Jersey Turnpike (Exit 11), Route 440, Interstate 287, Route 1&9, Route 35, and the Garden State Parkway, 100 Crows Mill Road offers unparalleled access to the local ports, airports and parcel hubs, as well as access to an abundant quality labor pool.

The Corner of Minnisink and Vreeland, a 150,000-square-foot build-to-suit property, is located directly off Interstate 80 in Totowa. The property features a 36-foot ceiling height, excellent loading, extreme power availability and ample car and truck parking. With its access to the New York ports and the New Jersey Turnpike, as well as to the Lehigh Valley, the property serves as an ideal last mile facility for tenants in the e-commerce and food and beverage spaces.

“We’re continuing to see record-setting demand, coupled with a relatively limited supply, in New Jersey’s industrial market for quality space with convenient transportation and port access,” said Waxman. “Each of these properties are well-located and offer prospective users a unique opportunity to enhance their logistics and distribution operations in New Jersey.”

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