New Jersey’s Largest Vacancy Offers “Plug-and-Play” Storage, Distribution Center Capabilities
MOUNT OLIVE, NJ, December 13, 2018 – New Jersey’s thriving warehousing market is driving interest in the state’s largest available space, located at 703 Bartley-Chester Road in Mount Olive. Jason Goldman, Charles Fern, Andrew Siemsen and Jason Barton of Cushman & Wakefield’s Iselin, NJ offices have been appointed as exclusive leasing agents for the 1,427,979 sq. ft., fully-equipped distribution and warehousing center acquired in late August by a strategic partnership comprised of Square Mile Capital Management LLC, an affiliate of MSD Partners, L.P and the Saadia Group.”
The property may be occupied by a single or multiple tenants with additional capacity to expand on the 230-acre site, and is currently supported by 115,000 pallet positions with 49-foot cubic storage capacities, more than 500 trailer positions, and multimillion-dollar material handling equipment (MHE) investments.
Positioned as a rare ’plug-and-play’ opportunity, the center is ideal for companies looking to rapidly expand their distribution and ecommerce capabilities, with infrastructure in place to save millions in occupier improvement costs and reduce the time to market by nine to twelve months Fully secure and fenced on all sides, the facility offers unrivalled storage, parking and ceiling heights for companies ranging from brick and ecommerce retailers to third-party suppliers and grocers.
Accessible by freight rail and located just five minutes from I-80, 703 Bartley-Chester Road is also a short distance from I-287 and I-78 to provide easy access to the Ports of Newark and Elizabeth, the New York City Metro area, Pennsylvania, and western and northern New Jersey.
“The New Jersey warehousing market has never been more robust,” said Goldman. “Companies nationwide are taking advantage of the vast highway network, deep labor pool, and access to the 23 million consumers in the NY MSA. This location ties all these benefits together in a fully-automated, secure location ideally suited to meet the warehousing and distribution requirements of organizations looking to expand throughout the eastern seaboard.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action 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