The owner of the five-building Rutgers Industrial Center in Piscataway has broken ground on a new 30,000-square-foot industrial building at 101 Circle Drive North. — Courtesy: Levin Management Corp.
By Joshua Burd
Construction is underway on a new speculative 30,000-square-foot industrial building in Piscataway, according to a property team with Levin Management Corp.
Located at 101 Circle Drive North, the facility will be part of the five-building, 493,000-square-foot Rutgers Industrial Center about a half-mile from Interstate 287. Plans call for 35-foot minimum clear ceiling heights, six dock doors, 38 parking stalls, up to 1,650 square feet of office space and a modern sprinkler system, with delivery slated for this summer.
LMC serves as asset manager for Rutgers Industrial Center and as construction manager for the new building, which it says will serve the growing demand from e-commerce users and third-party logistics providers — in a fast-growing submarket.
“Demand for quality industrial product in northern and central New Jersey is unprecedented, as companies seek out last mile distribution space proximate to the populous New York City metro area,” said Robert Carson, LMC’s president. “With 101 Circle Drive North, we are positioned to meet the needs of users looking for smaller, move-in ready warehouse space with easy access to the entire metropolitan region and beyond.”
In a news release, LMC noted that 101 Circle Drive North is five miles from Exit 10 of the New Jersey Turnpike, providing easy access to Port Newark-Elizabeth. It’s also minutes from the NS Independent Bulk Transfer Terminal in Middlesex Borough.
“LMC is widely regarded for its long history of delivering third-party real estate services to retail property owners, and that’s certainly what we are mainly known for,” Carson said. “Yet our portfolio also includes other commercial property types — including approximately 1.65 million square feet of industrial and office assets — sectors for which we are seeing increased demand.”
