CBRE Group Inc. announced that Pacific Logistics Corp (PLC) has signed a 210,600-square-foot lease at 111 Interstate Blvd, a state-of-the-art industrial building within Turnpike Crossing Industrial Park in South Brunswick.
PLC’s latest lease expansion at 111 Interstate Blvd marks a total expansion of 124,600 square feet from its initial 86,000-square-foot lease.
The CBRE team of Scott Belfer and Lou Belfer arranged the transaction on behalf of the PLC, which is known for providing customizable services designed to cater to customers’ specific needs. The property owner, Prologis, was represented by Cushman and Wakefield.
“As the demand for tailored logistics services has grown in recent years, so too has Pacific Logistics Corp’s business,” Belfer said. “Turnpike Crossing Industrial Park’s location in the sought-after Exit 8A submarket enables PLC to provide its customers with an unparalleled level of service, and it played an important role in the company’s decision to renew and expand. The property also provides the tenant with the rare opportunity to display signage along the Turnpike.”
Situated just off the New Jersey Turnpike, 111 Interstate Blvd is less than 30 miles from the Port of New York/New Jersey and Newark International Airport.
Related Articles: