A furniture manufacturer has signed a long-term lease for 308,000 square feet at Bridge Point Somerset, according to real estate brokerage NAI DiLeo-Bram & Co.
The undisclosed tenant is relocating much of its operations from Edison to 481 Weston Canal Road in Somerset, owned and developed by Bridge Development Partners LLC.
NAI DiLeo-Bram’s Eric Bram Johnston, principal, and Christopher Galiano, executive vice president, represented the tenant in the transaction.
“We are pleased to have helped our client negotiate a lease at this Class A industrial property,” Johnston said in a prepared statement. “This newly constructed property offers our client the opportunity to grow its business in a corporate park setting.”
The property is a 308,550-square-foot industrial building located within the three-building Bridge Point Somerset industrial corporate park.
“New Jersey’s industrial market has seen consistent growth in recent years, and this lease is a testament to the enduring demand for first-class industrial spaces throughout the state,” Jeff Milanaik, partner, Northeast region, Bridge Development, said in a statement. “We are very excited to welcome this manufacturer to this growing campus, and look forward to welcoming additional tenants looking for a well-located, modern home that can help their business thrive.”
JLL represented Bridge in the transaction.