Woodbridge-based NAI DiLeo-Bram & Co. said on Monday that it was named the exclusive leasing agent for 107 How Lane, a 6.5-acre, 38,000-SF industrial property in New Brunswick.
NAI DiLeo-Bram’s team of managing director/principal Chris Galiano, and associate vice presidents Kyle Gerace and Robert DiLeo are spearheading the assignment.
The leasing assignment follows Gerace’s involvement in arranging for the off-market $19.5M sale of 107 How Lane between an unnamed private owner and Ridgecut Road, the buyer. The warehouse/logistics property is centrally situated within Central Jersey’s sought-after industrial corridor and marks the sixth New Jersey property acquisition for Ridgecut.
“We are thrilled to continue our involvement as leasing agent with 107 How Lane and bring our deep understanding of the market, as well as the unique requirements of today’s tenants, to achieve a re-tenanting of the property with high-quality IOS users,” Gerace said, who noted occupancy is being targeted for Q1 2025.
Poised for repositioning, 107 How Lane offers a versatile range of industrial spaces. The property features a 10,300-square-foot terminal facility with 12-foot ceilings and 23 dock doors, a 19,500-square-foot single-story warehouse with 14- to 24-foot ceilings and seven grade doors and an 8,000-square-foot maintenance facility with 14-foot clear ceilings and 13 grade doors.
The fenced site also includes dual roadway access to How Lane and Jersey Avenue, ample parking, an outdoor storage area and abundant lighting.
“New Brunswick is the hub of Central New Jersey and continues to grow with the expansion of Rutgers University,” Galiano said. “The 107 How Lane property offers rare outside storage for tenants that need to be located where the substantial growth continues year over year.”
Strategically located, 107 How Lane provides access to a vast consumer base within a four-hour drive. NAIDB is leveraging the region’s robust infrastructure, including proximity to U.S. Route 1, NJ Turnpike Exit 9, Outerbridge Crossing, Goethals Bridge, Newark Airport and the Ports of Newark and Elizabeth, to attract potential tenants.