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Logistics Firm Takes 571K SF in Northern NJ Lease
Cushman & Wakefield arranged a 570,777-square-foot lease at the former Toys ‘R’ Us complex at 703 Bartley-Chester Rd. in Mount Olive, NJ. The firm’s Jason Goldman, Charles Fern, Andrew Siemsen and Jason Barton represented the tenant, US Elogistics Service Corp., and current ownership, a venture led by Square Mile Capital.
“The tenant is a global logistics fulfillment solutions company that has been in rapid expansion mode during the past few years,” said Fern. “The center offered them a rare combination of ‘plug-and-play’ features, including fully racked, 49-foot cubic storage capacities and over 100,000 pallet positions, as well as the opportunity to take occupancy as soon as the lease was fully signed.”
The Cushman & Wakefield team is marketing the remaining 845,000 square feet at the 230-acre site, representing one of the largest blocks of available modern warehouse space in the New Jersey and Northern Pennsylvania markets.
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