By Joshua Burd
A development team is bringing 110,000 square feet of light industrial space to Montville as part of a three-building project that’s slated to come online starting this summer.
According to CBRE, which is marketing the property at 331 Route 202, the adaptable facilities will fill a void in a region that has strong demand but limited supply for small- and mid-bay users seeking modern space. Plans call for a 22,500-square-foot Building A that will be delivered in September, a 56,000-square-foot corporate flagship space known as a Building B that will be available in July or August and a 31,000-square-foot build-to-suit opportunity known as Building C that would open later in the year.
CBRE’s Stephen D’Amato is spearheading the leasing campaign for the so-called Morris Commerce Center.
“We are thrilled to be representing this unique industrial park that caters to overlooked users seeking mission-critical small-bay space,” D’Amato said. “We have already received significant interest from pharmaceuticals firms for Building B, due to its abundant power, intelligent flow-through design and excess parking. Building A is receiving attention from car manufacturers that are in the market for R&D facilities.”
In detailing the project, CBRE noted that tenants such as manufacturers, service businesses and trades in the region are often forced to choose between occupying well-located, but functionally obsolete infill properties in Clifton, Fairfield and Totowa or moving to more functional but less-favorably located space in Pennsylvania, central New Jersey or Orange County New York. The Morris Commerce Center offers the northern Interstate 287 corridor as a viable alternative to the traditional Interstate 80 and Route 46 submarket, the firm said, one that’s without aged infrastructure, rampant traffic congestion and higher operating costs.
The project is adjacent to a JCP&L substation and offers direct access to I-287, according to a news release. Its spaces will also be divisible and able to be tailored for office, showroom, lab or production areas, unlike larger warehouses that were never meant to be demised.
Plans also call for 88 vehicle spaces at the site, while an NJ Transit bus stop is at the entrance, CBRE said.
