TF Final Mile Renews 74 KSF NJ Lease
- Jul 25, 2017
Colliers International has completed a 74,368-square-foot lease renewal with TF Final Mile at a warehouse/distribution center in Teterboro, N.J. The tenant is a last-mile delivery firm owned by TFI International. According to Yardi Matrix, the property is owned by TIAA, which also owns 51 Commerce Drive in South Brunswick, located in New Jersey’s strongest industrial market.
Easy access to Manhattan
Built in 1986, the 105,796-square-foot facility is situated at 200 Central Ave. It features 4,418 square feet of office space, 22-foot ceiling heights and 25 loading docks. The asset is surrounded by retailers and banks, offering immediate access to Interstate 80 and Manhattan. Other tenants include Dynamic Worldwide and Jet Distribution.
Colliers Executive Managing Directors Mike Markey and Jon Tesser represented the tenant in the transaction, while Cushman & Wakefield Executive Managing Director Jason Goldman acted on behalf of the owner.
“With rising consumer demand for same-day and next-day delivery services, TF Final Mile requires proximity and easy access to Manhattan, the five boroughs and all points in northern New Jersey,” Markey said in a prepared statement.
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