CBRE Represents Prologis in 352,000-SF Lease in Newark

On Mar 2, 2016

CBRE Group Inc., has announced that it has represented Prologis in an industrial lease agreement with Hello Fresh at 60 Lister Ave. in Newark. Hello Fresh – an international meal kit delivery brand — will fully occupy the 352,000-square-foot standalone facility, which will serve as a distribution center for the company.

The CBRE team of Thomas Monahan, Noah Balanoff, Anastasia Lazarides and Gerard Monahan represented Prologis in the transaction, while Michael G. Walters and Russell Verducci of NAI James E. Hanson represented Hello Fresh. The property is part of the 3.2 million sq. ft. of Class-A industrial facilities that Prologis acquired in November 2015, as part of its acquisition of The Morris Companies’ industrial and retail portfolio. CBRE’s Thomas Monahan also represented Prologis in that transaction.

The facility is ideally located in the Ironbound section of Newark, offering convenient access to key roadways and ports. The property sits less than one mile from Interchange 15E of the New Jersey Turnpike and is immediately proximate to Routes 1/9, Interstates 78 and 287, Port Newark and Port Elizabeth.

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