New York & Tri-State + New Jersey + Industrial | March 1, 2023

Lee & Associates NJ Arranges Industrial Lease, Sale Transactions in Middlesex County

Lee & Associates New Jersey has arranged two industrial transactions in Middlesex County. In Piscataway, BlackRock Realty Advisors acquired 330 S. Randolphville Rd. for $80 million. In South Plainfield, a logistics firm signed a 189,000-square-foot, full-building lease at 602 New Market Ave.

Matthew Schnurr of Lee NJ’s capital markets team represented BlackRock. The nearly 300,000-square-foot S. Randolphville Road complex is fully occupied by General Plumbing Supply, Inc.

In South Plainfield, Drew Maffey and Rick Marchisio represented the logistics tenant in its full-building lease. Colliers represented the landlord, Bridge Development.

The move to 602 New Market Ave. was an expansion play for Maffey’s and Marchisio’s client. “The building’s features and ideal location were major draws,” Maffey noted. “The Western I-287 submarket allows for access to over a third of the U.S. population within a three-day drive.”

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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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