NJ Biz: December 7, 2016
Short Hills-based commercial real estate brokerage The Blau & Berg Co. negotiated a lease for a global logistics firm in the Interchange 8A submarket, it announced Wednesday.
The undisclosed tenant, a provider of supply chain management solutions, is taking 343,485 square feet on Middlesex Center Boulevard in Monroe Township.
Charles T. Kavanagh, executive vice president of Blau & Berg, procured the tenant in the deal, while Marc Petrella of Cushman & Wakefield represented the landlord, GLP.
“E-commerce is driving demand for premium facilities, particularly along the New Jersey Turnpike corridors that provide good accessibility and access to its customers and densely populated areas,” Jason M. Crimmins, Blau & Berg president, said in a prepared statement. “The industrial vacancy rate for northern and central New Jersey markets is currently at a historically low level.”