New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Trammell Crow, CBRE IM Break Ground on Sayreville Industrial Complex
Trammell Crow Company (TCC) and joint venture partner CBRE Investment Management broke ground on Arsenal Trade Center, a 1,077,776-square-foot, three-building industrial development in Sayreville, NJ. The 74-acre site was acquired by the JV in June 2022. Construction is scheduled to be completed in late 2023.
“The Central New Jersey industrial market continues to be an area that benefits from rising demand for Class A logistics space,” said Andrew Mele, managing director of TCC’s Northeast Metro office. “Tenants recognize the central location that this market offers, providing access to more than two million people within a 30-minute drive.”
He added, “The size, scale and high-quality design of Arsenal Trade Center are unique attributes in this market that we believe will be attractive to today’s modern logistics user.” CBRE’s Thomas F. Monahan, Larry Schiffenhaus, Stephen D’Amato and Ben Shapiro will market and lease the property.
- ◦Development
