Normandy Logistics Center at 10 Normandy Drive in Piscataway — Courtesy: Rockefeller Group
By Joshua Burd
Rockefeller Group has sold a newly completed, 241,200-square-foot distribution center in Piscataway, the final piece of a redevelopment that yielded more than 2.5 million square feet of modern warehouse space over the course of a decade.
The buyer, Elion Partners, paid an undisclosed price for the Normandy Logistics Center at 10 Normandy Drive. It’s now marketing the vacant building for lease alongside brokers with NAI James E. Hanson, touting features such as 40-foot clear ceiling heights, 39 loading docks, two drive-in doors and parking for 60 trailers and 164 cars.
The facility, which also has seven electric vehicle charging stations, provides would-be tenants with immediate access to Interstate 287 and proximity to other major highways such as the New Jersey Turnpike, the Garden State Parkway, Interstate 78 and routes 1 and 9, as well as Port Newark-Elizabeth and Newark Liberty International Airport.
“The sale of Normandy Logistics Center represents the last stage of the redevelopment of the former Union Carbide site and the surrounding area in Piscataway,” said Heath Abramsohn, head of acquisitions, north central development, for Rockefeller Group. “We’d like thank Elion Partners, Colliers and NAI for all their hard work in getting this deal closed. We’d also like to thank the Township of Piscataway, who has worked with us the past 10 years to turn the former Union Carbide site into more than 2.5 million square feet of new Class A industrial space.”
Colliers executive vice presidents Mike Markey and Jon Tesser and Vice President Troy Skibitsky represented the seller. NAI Hanson senior managing directors Jordan Avanzato and Christopher D. Todd and Managing Director William Ericksen, part of the firm’s institutional services group, represented the buyer and now serve as Elion’s leasing brokers.
“We’re seeing the pendulum shift in leasing activity for Class A industrial products, with more investors willing to take on vacancy risk to secure a favorable basis, especially in core markets like Piscataway,” Avanzato said. “This transaction also underscores the continued confidence in the long-term fundamentals of New Jersey’s industrial market and the enduring appeal of high-quality assets in prime distribution corridors.”
Markey noted that “10 Normandy drew significant interest from investors as well as tenants,” while Tesser added: “Rockefeller Group has a reputation for high-quality and well-located facilities which are always in high demand.”
The sale of the new property comes six years after the firm completed its initial five-building, 2.1 million-square-foot logistics park along Ridge Road, having acquired the former Union Carbide Corp. plastics manufacturing plant in 2017 from Lincoln Equities Group and Real Capital Solutions. Rockefeller went to land several high-profile tenants while also developing a 400,000-square-foot facility in neighboring Middlesex Borough.
“The Normandy Logistics Center means more good-paying jobs for hardworking residents and more investment in Piscataway and its families,” Mayor Brian C. Wahler said. “It’s another steady stream of income for the township with businesses paying for an even larger share of our budget for the programs and services our residents enjoy.”
Rockefeller marks opening of five-building, 2.1 million sq. ft. logistics park in Piscataway
