A rendering of 85 Stults Road in South Brunswick — Courtesy: JLL
By Steve Lubetkin
An apparel company has leased an entire 203,488-square-foot warehouse and distribution center under construction in South Brunswick, brokers with JLL announced Monday.
The facility, located at 85 Stults Road, is a joint venture between EverWest Real Estate Investors and Accordia Realty Ventures. New York-based Adjmi Apparel Group signed a 10-year lease for the complex.
Terms were not available. Brian Golden, JLL managing director, represented ownership while Joel Lubin, executive managing director, and Gary Politi, senior vice president, represented the tenant in the transaction.
EverWest and Accordia acquired the 20 acres of land at 85 Stults Road, along with a 369,000-square-foot building at 83 Stults Road, from Hermann’s Services Inc. in 2017. One Stop Logistics leased the space at 83 Stults Road for a 10-year period in 2018.
The site is adjacent to the New Jersey Turnpike’s Exit 8A and in the heart of one of the hottest industrial markets in the state. The ownership team worked for more than a year to secure approvals with the local municipality to build the new facility, JLL said.
The project will include 36-foot clear ceiling heights, 52 loading docks, four drive-in doors, 38 car parking spaces and 75 trailer stalls. The distribution and warehouse facility is expected to be completed by the end of 2019.
“This is an ideal opportunity to take advantage of a centrally located facility that provides easy access to the greater New York region and the East Coast,” Golden said. “The state-of-the-art facility offers close proximity to the New Jersey Turnpike’s Exit 8A at a time of limited supply in this demanding industrial submarket.”
