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Duke Preleases New Meadowlands Industrial Facility
Duke Realty Corporation signed a 124,888-square-foot lease with GraceKennedy Foods (USA) LLC at a new warehouse in the Meadowlands. The building, which will total 193,888 square feet when construction is complete, is slated for delivery in early 2019.
The consolidation deal with the distributor of Caribbean, Central American and South American food products accounts for 64% of Duke’s 5 Ethel Boulevard in Wood-Ridge, NJ.
Duke Realty’s Ben Rosen says, “In choosing 5 Ethel, GraceKennedy will be operating in one of the newest and most functional distribution facilities in the entire Meadowlands market, offering extraordinary accessibility to Manhattan and the rest of the New York metropolitan area.”
Lee & Associates’ Michael Schaible represented the tenant. Duke Realty was advised by Rosen, Caitlin English and JLL listing brokers Robert Kossar, David Knee, Christopher Hile and Brian Golden.
For comments, questions or concerns, please contact Dennis Kaiser
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