New York & Tri-State + Tri-State + Industrial | August 22, 2018

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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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).

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