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Lee & Associates NJ Arranges 611K-SF Industrial Lease in Exit 8A Submarket
Lee & Associates New Jersey negotiated a 611,000-square-foot, full-building industrial lease with GXO Logistics at 301-321 Herrod Blvd. in South Brunswick, NJ, within the Exit 8A submarket. The long-term transaction enables the contract logistics firm to expand its Middlesex County operations.
Lee & Associates’ Dave Saltzman served as tenant representative in this transaction and has negotiated more than 2.5 million square feet of space nationwide on GXO’s behalf since the beginning of 2022. Marc Petrella of KBC Advisors, Woodbridge, NJ, represented the landlord, Link Properties.
“GXO was looking to grow its footprint in the immediate area due to the expansion needs of its client base,” said Saltzman. “Ultimately, this property’s location, and the building’s features and size, created an ideal scenario that not only enabled GXO to meet its additional space needs but also retain its existing labor force.”
- ◦Lease
