JLL Northeast Industrial Region has been retained by 2020 Acquisitions as exclusive leasing agent for a new 610,000-square-foot, state-of-the-art distribution facility in Central Jersey, set to be delivered to the market this summer.
Located at 5206 Route 130 in the Burlington County township of Mansfield, the speculative new construction will have 123 loading docks, four drive-ins, 40-foot clear heights, ESFR/wet sprinkler system and parking for 95 trailers and 173 cars.
The JLL leasing team for the facility will be led by Vice Chairman Joel Lubin, Executive Managing Director Brian Golden and Managing Director Gary Politi with JLL’s Northeast Industrial Region.
“5206 Route 130 is situated within one of the best-performing industrial markets in central New Jersey,” Lubin stated. “Offering easy access to the entire Philadelphia metro area along with New Jersey, Maryland and New York, its proximity to an extensive highway network provides access to over 20 million people within a two-hour drive.”
The facility is situated on 47 acres earmarked for redevelopment by the Mansfield Township committee to promote job creation and economic growth. The property has a long-term Payment in Lieu of Tax program that greatly reduces the per-square-foot tax cost. With a deep worker pool and the Port of Newark and Newark Liberty International Airport both less than 60 miles away, the property is positioned to meet demand from e-commerce and logistics companies, which have driven New Jersey’s industrial vacancy to its lowest levels in history.