THE BLAU & BERG COMPANY PROCURES 343,485 SQ. FT. FOR LEADING GLOBAL LOGISITCS FIRM
SHORT HILLS, NJ, December 7, 2016 – The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, recently brokered a 343,485 SF industrial lease on behalf of a leading global logistics firm.
A logistics provider of supply chain management solutions will occupy the space located at Middlesex Center Boulevard at Interchange 8A. Marc Petrella of Cushman & Wakefield represented the landlord, GLP, and Charles T. Kavanagh, Executive Vice President of The Blau & Berg Company, was the procuring broker for the Tenant in the transaction.
“E-commerce is driving demand for premium facilities particularly along the NJ Turnpike corridors that provide good accessibility and access to its customers and densely populated areas. The industrial vacancy rate for Northern and Central NJ markets is currently at a historically low level of 5.4% for the 3Q16,” said Jason M. Crimmins, President, The Blau & Berg Company. “With 24/7 delivery becoming the norm for many retailers, package delivery companies are expanding their presence in New Jersey markets to satisfy growing fulfillment needs.”
About The Blau & Berg Company
The Blau & Berg Company (www.blauberg.com) was founded in 1932 and holds a leading position in the New Jersey and Tri-State commercial real estate market. Headquartered in Short Hills, New Jersey, The Blau & Berg Company is an independent, full-service commercial real estate brokerage firm, providing expert and personalized services in industrial, office and retail real estate, including: site selection, acquisitions, dispositions, leasing, tenant representation, portfolio sales, asset repositioning, and property & construction management.