A rendering of Piscataway Logistics Center, a planned two-building, 297,748-square-foot industrial project at 330 South Randolphville Road in Piscataway — Courtesy: Transwestern Development Co.
By Joshua Burd
Transwestern Development Co. has unveiled plans to renovate a warehouse in Piscataway and construct a second building alongside it, bringing nearly 300,000 square feet of new industrial space to the submarket.
The company and an equity partner, QuadReal Property Group, detailed the project on Friday after announcing the acquisition of 16 acres at 330 South Randolphville Road. Construction is now underway after the off-market transaction and slated for completion next year.
“New Jersey’s industrial real estate market remains one of the healthiest in the country, driven by increased demand from e-commerce and traditional distribution users serving the greater New York metro,” said Brian Banaszynski, regional partner with TDC’s logistics group. “The current environment will only intensify this trend, and we look forward to delivering a state-of-the-art project on a timely basis to relieve some of the pressure on modern distribution space.”
The developer, an affiliate of the Houston-based brokerage firm, said the site currently consists of a 146,000-square-foot warehouse with a nine-acre parking lot. Transwestern will renovate the existing building and develop an adjacent warehouse totaling 151,748 square feet, with features including 36-foot clear ceiling heights, a combined 39 dock doors, ample car and trailer parking and a shared truck court depth of 115 feet.
Dubbed Piscataway Logistics Center, the project will bring additional space to a burgeoning industrial submarket 40 miles from New York City. Transwestern noted that the site provides direct access to Interstate 287.
