Principal Real Estate Investors is developing Crossroads Commerce Center, a 191,481-square-foot industrial building at 1980 Route 1 in North Brunswick. — Courtesy: Cushman & Wakefield
By Joshua Burd
Construction is underway on a project that will bring more than 190,000 square feet of new industrial space to a stretch of Route 1 in North Brunswick.
According to Peak Construction Corp., which is building the project on behalf of Principal Real Estate Investors, the property at 1980 Route 1 is slated for completion in late May. The facility dubbed the Crossroads Commerce Center will have 40-foot clear ceiling heights, 29 dock positions, two drive-in doors and parking for 161 cars and 31 trailers.
Cushman & Wakefield is marketing the 191,481-square-foot project, which is redeveloping the former site of a manufacturing facility on the highway’s northbound side, at the intersection of Adams Lane. Peak is working alongside construction manager D. Loeffler Consulting LLC, Environetics Group Architects PC and Bohler Engineering.
In a July announcement with Cushman, Principal Real Estate’s Rob Klinker said the project “represents a unique redevelopment opportunity in a strong infill market.” For one thing, the site is about a 15-minute drive from the New Jersey Turnpike.
“The center’s location is superb, offering direct access to the New Jersey Turnpike and to Port Elizabeth, one of the nation’s leading marine transport terminals,” Klinkner, a managing director with the firm, said at the time. “As the industrial market in New Jersey is poised to capture continued tenant growth, we expect to see significant demand for the well-located, state-of-the-art product like Crossroads Commerce Center.”