CBRE arranges warehouse lease for e-commerce firm in Jersey City

CBRE announced on Thursday it has arranged a warehouse lease at a newly developed industrial property in Jersey City.

The 95,808-square-foot property located at 79 Thomas McGovern Drive has been leased by an undisclosed international e-commerce firm.

CBRE’s team of Thomas Monahan, Stephen D’Amato, Larry Schiffenhaus, Anastasia Lazarides, Lauren Hageman, Gerard Monahan and Brian Fiumara headed the leasing campaign for the property and represented CT Realty in the deal. This is the first project in New Jersey developed by CT Realty, a real estate investment and development company.

“79 Thomas McGovern Drive presented the tenant with a truly unique opportunity to be located in a brand-new facility in this prime last mile distribution area,” Monahan said. “Offering direct access to New York City via the Holland and Lincoln Tunnels and just a few minutes from the ports of Newark and Elizabeth, as well as Newark Liberty International Airport, the property is ideal for the tenant’s real estate and logistics needs.”

Situated on about 5 acres, the property is located in the heart of Jersey City and offers 36-foot celings, eight dock doors, 87 parking spots, ESFR sprinklers, LED motion sensors and 2,000 square feet of office space.

“CT Realty is thrilled to land such a high-profile e-commerce tenant in our first development project in New Jersey,” Rob Huthnance of CT Realty said. “During these uncertain times in our industry, it was a pleasure to work with the CBRE team and we’re grateful that they were able to get this deal across the finish line.”