HomeReal Estate & DevelopmentLexus of Bridgewater renews industrial flex warehouse lease

Lexus of Bridgewater renews industrial flex warehouse lease

Transwestern Real Estate Services announced on Tuesday that Lexus of Bridgewater has renewed its lease at an industrial warehouse and flex manufacturing property in Bridgewater.

The 62,400-square-foot space at 1EB and 1EA Chimney Rock Road is part of Middlebrook Crossroads, a 18-building multitenant industrial complex.

Transwestern’s industrial leasing team of Jeffrey Furey and Lori Zuck, managing directors; and Matt McHale, associate; represented the landlord, Terreno Realty Corp., in the deal.

“New Jersey remains an industrial hotspot, and we’re seeing continued interest from users for well-located and maintained properties,” Furey said. “Middlebrook Crossroads, one of the first planned industrial parks in the country, is a prime example showing the tremendous strength of a versatile property with access to highways and nearby amenities.”

Middlebrook Crossroads is currently 89% occupied and features upgraded roofing, signage and landscaping. It is located between routes 22 and 28 and is within close access to Interstate 287.

Related Articles

Newark Regional Business Partnership debuts real estate council bolstering industry collaboration

The Newark Regional Business Partnership announced the formation of its real estate council, an effort to bring together a diverse group of NRBP members...

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...

JLL secures $86.2M loan for 355K SF Bridge Point Bayonne

 JLL Capital Markets announced that it has arranged $86.2 million in bridge financing for Bridge Point Bayonne, a newly constructed Class A warehouse and...

Marcus & Millichap announces sale of Hoboken mixed-use building for $3.47 million

Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a mixed-use...

Cushman & Wakefield arranges 2 leases for 180 Park Avenue in Florham Park

Cushman & Wakefield has arranged two leases on behalf of landlord Vision Properties at 180 Park Avenue in Florham Park. These transactions bring the...

NAI James E. Hanson negotiates sale of IOS site in Hillside to PSE&G

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, negotiated the $4.35 million sale of a 1.2-acre industrial outdoor...

Latest Articles

Lumine Group finalizes acquisition of Synchronoss Technologies

Synchronoss Technologies, Inc., a Bridgewater-based global leader and innovator in personal cloud platforms, announced the completion of its acquisition by Lumine Group Inc., a...

TCNJ students deliver Valentine’s Day cards to Princeton House Behavioral Health patients

Inpatients at Princeton House Behavioral Health received cards with messages of love, joy and encouragement on Valentine’s Day, thanks to the students and campus...

Seaview Hotel & Golf Club in Galloway becomes part of Destination by Hyatt brand

The Seaview Hotel & Golf Club in Galloway has been added to the Destination by Hyatt brand. The transition will further strengthen Hyatt’s portfolio...

Newark Regional Business Partnership debuts real estate council bolstering industry collaboration

The Newark Regional Business Partnership announced the formation of its real estate council, an effort to bring together a diverse group of NRBP members...

State Treasury: January major revenue collections stable

The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.399 billion, up $72.8 million, or 1.4% over last...

Appeals Court ruling allows funding to proceed for Gateway Tunnel project

A U.S Appeals Court declined Feb. 12 to block a lower court’s temporary restraining order, allowing funding to move forward for the $16 billion...

Latest Articles

Lumine Group finalizes acquisition of Synchronoss Technologies

Synchronoss Technologies, Inc., a Bridgewater-based global leader and innovator in personal cloud platforms, announced the completion of its acquisition by Lumine Group Inc., a...

TCNJ students deliver Valentine’s Day cards to Princeton House Behavioral Health patients

Inpatients at Princeton House Behavioral Health received cards with messages of love, joy and encouragement on Valentine’s Day, thanks to the students and campus...

Seaview Hotel & Golf Club in Galloway becomes part of Destination by Hyatt brand

The Seaview Hotel & Golf Club in Galloway has been added to the Destination by Hyatt brand. The transition will further strengthen Hyatt’s portfolio...

Newark Regional Business Partnership debuts real estate council bolstering industry collaboration

The Newark Regional Business Partnership announced the formation of its real estate council, an effort to bring together a diverse group of NRBP members...

State Treasury: January major revenue collections stable

The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.399 billion, up $72.8 million, or 1.4% over last...