318,389-Square-Foot Warehouse/Distribution Facility with Expansion Opportunity on 28-Acre Parcel Closes
SOUTH BRUNSWICK, N.J., June 20, 2018 – Acting on behalf of Central Mills Inc, Cushman & Wakefield has arranged the sale-leaseback of 473 Ridge Road in South Brunswick to Saadia Group, LLC. The 318,389-square-foot warehouse/distribution facility, which includes 38,207 square feet of office space, offers expansion potential and is sited on a 28-acre parcel in the heart of New Jersey’s active Exit 8a market.
The location provides easy access to the New Jersey Turnpike/I-95, I-287, I-78, and U.S. Routes 1, 9 and 130. Approximately 45 miles southwest of Manhattan and 60 miles northeast of Philadelphia, the location places nearly 60 million customers within a five-hour drive. The facility had been occupied by leading sportswear manufacturer Central Mills, Inc. d/b/a FREEZE and will continue to be occupied by them under a long-term sale-leaseback arrangement.
“This well-positioned property and building offers unique accessibility to major markets, along with the possibility of expansion,” noted Cushman & Wakefield’s Gary Gabriel from the global commercial real estate services firm’s investment sales team in East Rutherford, who led the assignment with David W. Bernhaut and Andrew Merin, along with Brian Whitmer, Kyle Schmidt, Andrew Schwartz, and Ryan Larkin, with the help of local leasing broker Chuck Fern.
“The e-commerce boom continues to spur demand among logistics and other last-mile delivery companies for space in the 8a industrial market,” said Kyle Schmidt. “This well-positioned location ensures easy access to the mass population around the New York Metro area and the inland distribution markets.”
“473 Ridge Road offers attractive features like clear height of up to 28 feet, with 20 trailer spaces and 582 spaces for automobiles, and 25 exterior tailgates with six interior tailgates and a drive-in door,” added Schmidt.
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