301 Middlesex Center Boulevard, South Brunswick, NJ
SOUTH BRUNSWICK, NJ—CDS Logistics and Best Logistics have leased 450,000 square feet of space at 301 Middlesex Center Boulevard, a class-A industrial building located within the three-building Middlesex Center in South Brunswick, NJ.
CBRE facilitated the transactions, which bring the newly constructed, speculative facility to full occupancy. CDS leased 250,000 square feet and Best Logistics leased 200,000 square feet.
The CBRE team of Steven Beyda, Mindy Lissner and Scott Belfer arranged the transaction on behalf of landlord IDI Gazeley, a leading developer and investor of industrial real estate. Beyda also led a team that included Kevin Dudley and William Waxman representing Best Logistics. CDS was represented by Joe Nitti of Cresa.
“Exit 8A is one of New Jersey’s hottest submarkets for industrial property, and this class-A facility provides an ideal location for premier third-party logistics providers like CDS and Best Logistics,” says Beyda. “To facilitate lease-up in a more timely manner, we utilized the latest technologies, including virtual reality tours, to draw greater interest from local and national prospective tenants. We ultimately decided to divide the building into a multi-tenant facility, and IDI Gazeley was able to pursue the subdivisions without a hitch. These leases also mean that all three buildings at Middlesex Center are now fully occupied, providing further evidence of the continued strength of New Jersey’s industrial market.”
Situated just off of the New Jersey Turnpike in South Brunswick, 301 Middlesex is less than 30 miles away from the ports of New York / New Jersey and Newark International Airport. The property includes 36-foot ceiling heights, ESFR sprinkler systems and cross-docked loading. Among tenants at Middlesex Center is Williams-Sonoma.
“CBRE had some unique marketing concepts that helped lease the building within only six months of the assignment,” says Doug Armbruster, senior vice president and regional director of IDI Gazeley’s East Region. “CDS and Best Logistics are among the most prestigious logistics providers in the region, and we’re very excited to welcome them to our property.”