EAST WINDSOR, NJ—South Korean electronics firm LG Electronics will fully occupy 159 Milford Road, the recently completed 410,000-square-foot class-A distribution facility in East Windsor, NJ, owned by Deutsche Asset Management and developed by Trammell Crow Company.
The state-of-the-art facility at 159 Milford Road occupies nearly 28 acres and features a 40-foot clear height; 62 manually-operated rear dock doors and two drive-in doors; a 130-foot deep truck court; 355 car spaces; and 74 trailer spaces. The building also offers robust power and LED lighting capabilities, as well as an ESFR fire protection system.
“LG Electronics’ decision to occupy the entire building marks an important milestone in our investment strategy for the development of 159 Milford Road,” says Todd Henderson, head of real estate, Americas, at Deutsche Asset Management. “Bringing this high-caliber credit tenant to this project is a significant win not only for our investors, but also for the Township of East Windsor. This achievement would not be possible without the support of the Township and our development manager Trammell Crow Company.”
“We welcome LG Electronics to the project,” says Andrew Mele, managing director of Trammell Crow Company’s Northeast Metro Business Unit. “We are extremely pleased to have delivered a world-class industrial project on behalf of Deutsche Asset Management in one of the most important distribution corridors in the US.”
The CBRE brokerage team of Mindy Lissner, William Waxman, Steven Beyda, Dan McGovern, Robert Pine, Kevin Dudley and David Gheriani exclusively represented Deutsche Asset Management in the transaction. LG Electronics was represented by the Jones Lang LaSalle brokerage team of Melissa Holland and Brian Golden, which commenced operations in the building on November 1, 2017.
“LG Electronics’ selection of this first-rate logistics center underscores Central New Jersey’s strategic value as a distribution crossroads for the nation,” says Lissner. “The company now has the rare opportunity to occupy a brand-new logistics center located immediately off of the Turnpike at a time when demand in the state’s industrial sector – and especially in the Turnpike corridor – outpaces supply.”
159 Milford Road is near Exit 8 of the New Jersey Turnpike, where the Turnpike Authority completed a new interchange as part of its roadway widening and improvement project. The distribution facility benefits from the new thoroughfare, also created as part of the improvements, that eases vehicle access from the Turnpike to Route 133.