Cushman & Wakefield, acting on behalf of Central Mills Inc., announced Wednesday it has arranged the sale-leaseback of a warehouse and distribution facility in South Brunswick to Saadia Group LLC.
The 318,389-square-foot property located at 473 Ridge Road includes 38,207 square feet of office space, offers expansion opportunities and is situated on a 28-acre parcel of land.
The property is within close access to the New Jersey Turnpike, Interstates 95 and 78, and U.S. Routes 1, 9 and 130.
The facility had been occupied by Central Mills Inc. dba FREEZE, a sportswear manufacturer, and will continue to occupy the space.
“This well-positioned property and building offers unique accessibility to major markets, along with the possibility of expansion,” said Gary Gabriel of the firm’s East Rutherford office.
Gabriel led the assignment along with David W. Bernhaut, Andrew Merin, Brian Witmer, Kyle Schmidt, Andrew Schwartz, and Ryan Larkin. Local leasing broker Chuck Fern also helped.
“The e-commerce boom continues to spur demand among logistics and other last-mile delivery companies for space in the 8A industrial market,” Schmidt said. “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,” Schmidt said.