By Joshua Burd
A fulfillment and logistics firm will be the latest tenant at a new three-building, 1.3 million-square-foot industrial complex in Perth Amboy acquired by Duke Realty late last year.
The real estate investment trust announced Tuesday that it had signed a 354,250-square-foot lease at 1000 High St., also known as ePort 1000, with 4PX Express USA. Located just off Route 440 and Interstate 287, firm’s new home was completed just last year and features 36-foot clear heights and other modern design features.
Ken Lundberg with NAI James E. Hanson and Julie Huang with ACJ International Realty represented 4PX Express in the lease, Duke Realty said in a news release. Duke Realty executives Ben Rosen and Caitlin English represented the landlord in-house alongside its listing agents — Thomas Monahan, Stephen D’Amato and Larry Schiffenhaus of CBRE.
Rosen said the deal fills a need for 4PX after the ecommerce fulfillment and logistics solutions company “had been looking for a larger facility for their operations for several months.”
“We were pleased to learn of their space needs and be able to propose our new ePort warehouse as a solution,” said Rosen, vice president of leasing and development for Duke Realty in New Jersey. “This building provides 4PX with the square footage they need for their growing operations, plus gives them a modern, first-class facility in an ideal location for ecommerce fulfilment in the New York metropolitan area.”
Duke Realty acquired the three-building ePort complex last November from Bridge Development Partners as part of a 3.1 million-square-foot New Jersey industrial portfolio. The complex is a 103-acre former brownfield site that Bridge remediated and redeveloped, tapping into its location just minutes from the New Jersey Turnpike.
The complex is best known as the home to the retail giant Target Corp., which leases 720,000 square feet for fulfillment operations.
The building at 1000 High St. features 44.5-foot-by-55-foot column spacing, 63 dock doors and two drive-in doors, Duke Realty said. Outside the building is a 130-foot truck court and parking for 218 automobiles and 117 trailers.
