New York & Tri-State + New Jersey + Industrial | May 17, 2022

Duke Realty has pre-leased an under-construction industrial development in Piscataway, NJ to JD.com

Duke Realty Pre-leases Piscataway Spec Development to JD.com

The New Jersey office of Duke Realty Corporation has preleased a 216,892-square-foot speculative development in Piscataway, NJ to JD.com, China’s largest direct online retailer with more than 1,300 warehouses around the world. Duke Realty’s facility, under construction on a 21-acre site at 1570 S. Washington Ave., has immediate access to I-287 and is just six miles from I-95 and the NJ Turnpike’s Exit 10.

“Demand for distribution space along the New Jersey Turnpike corridor remains excellent and the vacancy rate for industrial space in the 287 Corridor submarket continues to hover near all-time lows,” said Ben Rosen, VP of development and leasing in New Jersey for Duke Realty.

Rosen and Duke Realty’s Gregg Bazzan represented Duke along with Colliers’ Noah Balanoff and Jacquelyn Severino. Andy Ho with Kander Pacific, Inc. and Cushman & Wakefield’s Charles Fern, Jason Barton and Thomas Tucci represented JD.com.

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Duke Realty's RosenCushman & Wakefield's Fern

About Paul Bubny

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. 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 15-20 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).