Cushman & Wakefield Named Leasing Agent for Industrial Asset
- Feb 06, 2017
Edison, N.J.—Cushman & Wakefield has been selected as leasing agent for a 182,000-square-foot industrial building in Edison, N.J. Liberty Property Trust is developing the Class A, Raritan Center asset, which is slated for delivery in April. Chuck Fern and Jason Barton, Cushman & Wakefield’s industrial specialists, are leading the assignment.
Located at 1075 King George Post Road, the industrial building will be situated just 1.5 miles from Exit 10 of the N.J. Turnpike and I-287. Its proximity to Newark Liberty International Airport, Ports Newark and Elizabeth and Manhattan makes it an ideal site for regional distribution operations.
“This building has been designed to meet the needs of today’s industrial space users – with modern tilt-up construction, 36-foot clear ceilings, 43 dock and two drive-in doors, and ample trailer and car parking,” Fern said in a statement. “Liberty Property Trust also incorporated state-of-the-art systems, including heavy power, ESFR sprinklers and EPDM roofing.”
In 2016 globally, Cushman & Wakefield completed more than 4,799 industrial lease and sale transactions, including Capital Markets transactions, totaling nearly 185.8 million square feet with an aggregate value in excess of $6.2 billion.
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