773 Cranbury South River Road in South Brunswick — Courtesy: Duke Realty Corp.
By Joshua Burd
Duke Realty Corp. has signed a new industrial lease in South Brunswick, securing a commitment for more than 200,000 square feet from an apparel importer.
The real estate investment trust said the tenant, Vandale Industries Inc., will occupy 207,021 square feet at 773 Cranbury South River Road. The 488,884-square-foot property, located near the New Jersey Turnpike, will remain fully leased as a result of the long-term deal.
Cushman & Wakefield’s Michael Kimmel, Jason Goldman, Marc Petrella and Andrew Siemsen represented ownership, while C&W’s Chuck Fern and Jason Barton represented the tenant.
“Over the past year, the nation’s supply chain has been tested and Duke Realty clients continue to look for opportunities to strengthen their logistics networks,” said Ben Rosen, vice president of leasing and development for Duke Realty in New Jersey. “They want locations where they can get their products to customers with limited delay. 773 Cranbury South River Road is a modern facility located within central New Jersey’s premiere industrial submarket that enables Vandale to effectively serve its major U.S. retailer clients.”
In a news release, Duke Realty noted that Vandale imports intimate apparel and foundations, including daywear, sleepwear, active wear and shapewear. The company manages private-label and national brands in every distribution channel and is a key supplier to major retailers across the country.
“We do not see the demand for well-located, high-quality logistics space waning anytime soon, given the growth of the e-commerce industry,” said Art Makris, senior vice president of Duke Realty’s Northeast region. “We count on our local broker partners to share insights into tenant needs and together we can quickly identify investment opportunities that meet those needs further expanding our New Jersey portfolio.”