The Piscataway Logistics Center project, which has already broken ground, calls for the development of 300,000 square feet of industrial space in two buildings at 330 S. Randolphville Road. Completion is slated for 2021.
“New Jersey’s industrial real estate market remains one of the healthiest in the country, driven by increased demand from e-commerce and traditional distribution users serving the greater New York metro,” said Brian Banaszynski, Regional Partner with TDC’s Logistics Group. “The current environment will only intensify this trend, and we look forward to delivering a state-of-the-art project on a timely basis to relieve some of the pressure on modern distribution space.”
The site currently has a 146,000-square-foot warehouse with a 9-acre parking lot. Transwestern said it plans to renovate the building and construct a new Class A, 151,748-square-foot warehouse. Combined, the warehouses will have 39 dock doors, ample car and trailer parking and a shared truck court depth of 115 feet.
The property is within close access to Interstate 287 and the New Jersey Turnpike. Financial terms were not disclosed.