Duke Realty Corp. is building a 216,892-square-foot speculative industrial building at 1570 South Washington Ave. in Piscataway, as depicted in this rendering. — Courtesy: Duke
By Joshua Burd
Duke Realty Corp. has broken ground on nearly 220,000 square feet of speculative industrial space in Piscataway, as it adds to its footprint in the fast-growing submarket.
The real estate investment trust said the project, located at 1570 South Washington Ave., is slated for delivery in fall 2022. Plans call for a modern logistics warehouse with 40-foot clear ceiling heights, 34 dock doors and parking for 38 trailers and 125 cars, with a location directly off Interstate 287 and six miles from the New Jersey Turnpike.
The facility will total 216,892 square feet.
“We continue to see high demand for industrial space with leasing volume in northern New Jersey at all-time highs,” said Ben Rosen, vice president of development and leasing in New Jersey for Duke Realty. “Finding strategically located sites and moving quickly on developments is key to giving our clients the space they need right now. Duke Realty continues to invest in expanding our New Jersey portfolio with high-quality facilities that support our reputation.”
Colliers’ Noah Balanoff and Jacquelyn Severino represented Duke Realty on the land acquisition and is representing the company on leasing opportunities. The REIT’s other holdings in Piscataway include a 622,230-square-foot facility at 150 Old New Brunswick Road, which it developed on spec and leased to Bob’s Discount Furniture, plus a fully leased, 469,600-square-foot property at 600 Ridge Road that it recently acquired.
“This latest development will provide the ideal space for companies looking to expand their supply chain in the New York metropolitan area with access to millions of consumers and critical ports,” Rosen said. “This is our third development in Piscataway Township and we greatly appreciate the township’s efforts to make this development possible.”