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New York & Tri-State  + New Jersey  + Industrial  | 

Duke Picks up 3.1M-SF Industrial Portfolio Along NJ’s I-95 Corridor

Duke Realty completed a 3.1-million-square-foot industrial property acquisition comprised of six newly constructed buildings and two land sites for future development in New Jersey. All of the newly-acquired buildings and land parcels are located along the I-95 corridor, starting at the Exit 8A submarket and continuing north to the Meadowlands submarket.

The buildings were all delivered within the past year and incorporate features designed to enhance product storage and distribution, including 36-foot clear heights and ample automobile and trailer parking.

Duke Realty has already commenced development on a 661,000-square-foot warehouse on one of the acquired sites, 429 Delancy St. in Newark, with delivery expected by year-end. Duke Realty also acquired a parcel at 5 Ethel Boulevard in Wood-Ridge, on which a 194,000-square-foot warehouse is proposed.

Properties include:
– 10 Broadway Road, Cranbury, 264,085 square feet
– 377-387 Davidson’s Mill Road, South Brunswick, 488,884 square feet
– 960 High Street, Perth Amboy, 220,200 square feet
– 980 High Street, Perth Amboy, 718,200 square feet
– 1000 High Street, Perth Amboy, 354,250 square feet (pictured)
– 900 Federal Boulevard, Carteret, 206,500 square feet

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition