Shoe wholesaler R&J Warehouse has signed a full-building lease at the Rutgers Industrial Center in Piscataway, Levin Management Corp., asset manager for the five-building 535,000-square-foot complex, announced Wednesday.
The new space at 140 Circle Drive North is comprised of 103,350 square feet and represents an expansion of the company’s operations, said Robert Carson, LMC’s executive vice president.
“The company will assume tenancy of the single-story building in late summer – immediately after the current tenant’s lease expires,” Carson said. “The fact that the building will experience no period of vacancy reflects current market fundamentals. The industrial/warehouse sector is performing extremely well, and this lease clearly demonstrates sustained demand for quality space in northern and central New Jersey.”
The complex is within close proximity to Interstate 287 and Exit 10 on the New Jersey Turnpike.
Chuck Fern of Cushman & Wakefield served as the landlord broker in the deal.