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New York & Tri-State  + Tri-State  + Industrial  |  January 18, 2019
Paul Bubny
By: Paul Bubny

CushWake Arranges Sale, Immediate Lease-up of NJ Industrial

Cushman & Wakefield represented Lefcourt Associates in the sale of 19 Crows Mill Road in Keasbey, NJ to Liberty Property Trust. And less than 30 days after being hired by Liberty to lease the 302,500-square-foot facility, the Cushman & Wakefield team secured a long-term, full-property lease with logistics firm The Gilbert Company.

Charles Fern, Gary Casaletto, Jason Barton, Thomas D. Tucci and Stephen Shoemaker with Cushman & Wakefield led both assignments. “Investment and leasing demand for New Jersey industrial product continues on a historic trajectory, and these back-to-back transactions reflect the desirability of strategically located, well-maintained facilities,” Fern said.

At Wayne, PA-based Liberty, VP Peter Corcoran said the acquisition and immediate long-term leasing of 19 Crows Mill Road “deepens our presence along the New Jersey Turnpike continuing our strategy to acquire and hold high-demand industrial properties in the region.”

The Gilbert Company will take occupancy in the first quarter.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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