Logistics Firm Signs Full-Property, 302,500-SF Commitment at 19 Crows Mill Road in Keasbey
KEASBEY, N.J., Jan. 16, 2019 – A Cushman & Wakefield team of New Jersey industrial specialists represented Lefcourt Associates in the sale of 19 Crows Mill Road in Keasbey to Liberty Property Trust. And less than 30 days after being appointed by the new ownership as exclusive agents for the 302,500-square-foot facility, the group secured a long-term, full-property lease with The Gilbert Company.
Cushman & Wakefield’s Charles Fern, Gary Casaletto, Jason Barton, Thomas D. Tucci and Stephen Shoemaker led both assignments. “Investment and leasing demand for New Jersey industrial product continues on a historic trajectory, and these back-to-back transactions reflect the desirability of strategically located, well-maintained facilities,” Fern said.
Located just minutes from Exit 10 of the New Jersey Turnpike, 19 Crows Mill Road occupies a prime location for distribution, just 22 miles from Port Newark/Elizabeth, 20 miles from Newark Liberty International Airport, and less than 30 miles from New York City. Ample loading and parking; 50×72-foot column spacing; heavy power; the presence of a 24-hour, on-site truck repair shop; and recent improvements including LED lighting, new dock seals and renovated offices enhance its appeal.
The Gilbert Company will take occupancy at 19 Crows Mill Road in the first quarter of 2019.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.