An apparel company has signed a 10-year lease for a 203,488-square-foot warehouse and distribution facility in South Brunswick, according to real estate firm JLL.
The undisclosed company signed for the entire property at 85 Stults Road, now under construction by a joint venture between EverWest Real Estate Investors and Fairfield-based Accordia Realty Ventures.
JLL’s Brian Golden, managing director, represented the ownership group in the deal, while Joel Lubin, executive managing director, and Gary Politi, senior vice president, represented the tenant.
“This is an ideal opportunity to take advantage of a centrally located facility that provides easy access to the greater New York region and the East Coast,” Golden said in a prepared statement. “The state-of-the-art facility offers close proximity to the New Jersey Turnpike’s Exit 8A at a time of limited supply in this demanding industrial submarket.”
The joint venture had acquired both 83 Stults Road, a 369,000-square-foot building, and 20 acres of land at 85 Stults Road from Hermann’s Services Inc. in 2017. One Stop Logistics leased 83 Stults Road for 10 years in 2018, with JLL representing the owners in the deal.
The facility at 85 Stults Road is expected to be completed by year-end.
