By Joshua Burd
Duke Realty Corp. has leased 220,200 square feet in Perth Amboy to a furniture delivery and fulfillment service, bringing its recently acquired New Jersey portfolio to full occupancy.
The real estate investment trust said Thursday that it had closed on the deal with Metropolitan Warehouse & Delivery, which will occupy the full building at 960 High St. Known as ePort 960, the property was the last remaining space available within Duke’s in-service footprint in the state, which came as part of a 3.1 million-square-foot industrial portfolio acquired last year from Bridge Development Partners.
The portfolio included six completed buildings and two development sites along the New Jersey Turnpike corridor.
“Demand for warehouse space in New Jersey continues to be strong, particularly for modern properties in close proximity to the New York metropolitan area,” said Ben Rosen, vice president of leasing and development with Duke. “ePort 960, as well as our other buildings along the I-95 corridor, are among the newest and most functional buildings in the market and perfectly suited for last-mile fulfilment operations. We are pleased that Metropolitan saw the benefits that ePort 960 offers and acted quickly to secure the space.”
Joseph Nitti with Commercial Real Estate Partners LLC represented Metropolitan Warehouse & Delivery in the lease. Rosen and Caitlin English represented Duke Realty in-house, with Thomas Monahan, Stephen D’Amato and Larry Schiffenhaus of CBRE serving as listing agents.
The Perth Amboy building is one of three new industrial buildings that make up the ePort Logistics Center, which sits just off Route 440 and east of the Turnpike. Duke said the building features a 36-foot clear height, 29 dock doors and two drive-in doors.
Outside of the building is a 130-foot truck court and parking for 112 automobiles and 57 trailers.
