107 How Lane in New Brunswick — Courtesy: NAI DiLeo-Bram & Co.
By Joshua Burd
Ridgecut Road has retained NAI DiLeo-Bram & Co. as its leasing agent for a newly acquired industrial property in New Brunswick.
According to a news release, the parcel at 107 How Lane spans 6.5 acres and includes three buildings with a combined 38,000 square feet. NAIDB is now marketing those spaces in an offering spearheaded by Managing Director and Principal Chris Galiano and associate vice presidents Kyle Gerace and Robert V. DiLeo.
The leasing assignment follows Gerace’s involvement in arranging the off-market, $19.5 million sale of the property to Ridgecut Road. The deal marked Ridgecut’s sixth acquisition and its latest in the highly touted central New Jersey industrial market.
“We are thrilled to continue our involvement as leasing agent with 107 How Lane and bring our deep understanding of the market, as well as the unique requirements of today’s tenants, to achieve a re-tenanting of the property with high-quality (industrial outdoor storage) users,” Gerace said, adding that Ridgecut aims to welcome tenants by the first quarter of 2025.
The brokers noted that the site includes a 10,300-square-foot terminal facility with 12-foot ceiling heights and 23 dock doors, as well as a 19,500-square-foot, single-story warehouse with 14- to 24-foot ceiling heights and seven grade doors. The third building, an 8,000-square-foot maintenance facility, has 14-foot clear ceilings heights and 13 grade doors.
The fenced site also includes dual roadway access to How Lane and Jersey Avenue, ample parking, an outdoor storage area and abundant lighting, NAIDB said. Meantime, it provides access to a vast consumer base within a four-hour drive and quick connections to Route 1, New Jersey Turnpike Exit 9, Newark Liberty International Airport and other key highways and destinations.
“New Brunswick is the hub of central New Jersey and continues to grow with the expansion of Rutgers University,” Galiano said. “The 107 How Lane property offers rare outside storage for tenants that need to be located where substantial growth continues year over year.”
