Fast-Growing Storage Startup Leases IDI’s 8A Spec
Storage and moving services startup Clutter has inked a full-building lease with IDI Logistics at the newly-constructed 1065 Cranbury South River Rd. in South Brunswick, NJ, within the Exit 8A industrial submarket. Separate teams with Cushman & Wakefield represented both landlord and tenant in the 450,000-square-foot deal.
“The storage industry generates a reported $38 billion in annual revenue, and within this sector, Clutter is carving a distinctive niche from a service perspective,” said Cushman & Wakefield’s Andrew Stypa, who represented Clutter with colleague Daniel Badenhausen.
Stypa added that the company quickly outgrew its first East Coast facility, leased two years ago in North Bergen, NJ. Clutter was founded in Los Angeles in 2015 and now operates in seven major cities, including New York.
Cushman & Wakefield’s Jason Goldman, Andrew Siemsen and Marc Petrella represented IDI in the long-term lease. IDI launched construction on the property as a speculative development.
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