CBRE GROUP INC. ARRANGES LEASE FOR MOULTON FULFILLMENT AT 200 DOCKS CORNER ROAD, SOUTH BRUNSWICK, N.J.
SOUTH BRUNSWICK, N.J. (January 29, 2015) – CBRE Group, Inc., New Jersey’s largest commercial real estate brokerage firm, announced today that it has arranged a 172,249-square-foot lease for Moulton Fulfillment, a logistics industry leader and full-service order fulfillment house that offers customizable, direct-to-consumer and 3PL capabilities, at 200 Docks Corner Road in South Brunswick, N.J.
Thomas Monahan, senior vice president; Noah Balanoff, first vice president, and Anastasia Lazarides, client services specialist, of CBRE’s New Jersey office, along with Bennett Robinson, executive vice president, of CBRE’s Universal City, CA office, represented Moulton Fulfillment in the transaction. The company’s search was prompted by its need for a distribution center in New Jersey in order to expand company operations in the region.
“200 Docks Corner Road is ideally suited to meet all of Moulton Fulfillment’s needs, as the company continues to build its presence in the state,” said Mr. Monahan. “The property offers convenient access to key roadways and provides all of the amenities that are key to the success of distribution operations.”
The property, owned by Prologis, consists of 1,205,621 sq. ft. of warehouse space, up to 36-foot ceiling heights, 40-by-50-foot column spacing, 136 dock doors, eight drive-in doors, as well as ample car and trailer parking stalls able to accommodate multiple tenants. The building’s South Brunswick location offers convenient access to Exit 8A of the New Jersey Turnpike.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.