Cushman & Wakefield named agent for Exit 8A industrial sale/lease opportunity

By Emily Bader
South Brunswick | May 2, 2019 at 11:04 am

Commercial real estate firm Cushman & Wakefield announced Wednesday it has been named the exclusive agent for an Exit 8A industrial building sale or lease in South Brunswick.

The property at 5 Boxal Drive is a 69,000-square-foot industrial building — one of the only structures of its size in the Exit 8A submarket, where vacancies sit below 1%, according to Charles Fern, vice chairman, Cushman & Wakefield.

Fern said the 12.6-acre property includes excess land for future expansion.

“The owner purchased this property for his own use and has since outgrown the building,” he said. “We are bringing this offering to market at a time when there is virtually no product available for purchase or lease. We anticipate it will draw significant interest from investors, users and potential owners/occupiers.”

The property will be available in June. It features 32-foot ceilings, heavy power, 10 dock doors and one drive-in door, and LED lighting. It is within close access to Port Newark/Elizabeth and New York City.

Financial terms were not disclosed.

Emily Bader | ebader@roi-nj.com | emilybader