Duke Realty Corporation secured a long-term lease agreement with Bob’s Discount Furniture for its under-development, 622,230-square-foot distribution facility at 150 Old New Brunswick Rd. in Piscataway, NJ. The pre-leased industrial facility is expected to open this summer.
“We are thrilled that this premiere development project will meet the distribution needs of Bob’s Discount Furniture,” said Ben Rosen, VP of leasing and development for Duke Realty in New Jersey. “This lease transaction is another example of why Duke Realty continues to invest in developing state-of-the-art industrial distribution facilities in strategic, high-demand locations along the New Jersey Turnpike corridor.”
Bob’s Discount Furniture was represented by Scott Belfer with CBRE. Duke Realty was represented by Cushman & Wakefield’s Chuck Fern, Thomas D. Tucci, Frank Truesdell, Jason Barton and Stephen Shoemaker, and by Duke Realty’s own Cait English and Ben Rosen. Duke’s New Jersey portfolio runs to 8.2 million square feet.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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