1205 Paco Way in Lakewood is slated to open within about six months. – Courtesy: The Sudler Co.
By Joshua Burd
The Sudler Co. has inked a 25,000-square-foot warehouse lease in Lakewood with a maker of wire ducts and other products, the development firm announced Monday.
The tenant, Iboco Integrated Wire Management, will occupy more than a third of the 70,000-square-foot site at 1205 Paco Way, Sudler said. The property sits just off Route 70 and Exit 88/89 of the Garden State Parkway and is still under construction.
The Chatham-based developer is building the 70,000-square-foot property on a speculative basis, as it did with a sister building at 1001 New Hampshire Ave. Sudler’s Lakewood complex has recently attracted tenants such as SkyZone, Perma Pure, Blackman Plumbing and SUNRUN Inc.
Its newest tenant, Iboco, is a European leader in the field of wire management with a presence in more than 37 countries, according to a news release. The new building is expected to be complete in about six months.
“We knew the expanded Exit 88/89 Interchange of the Garden State Parkway was coming, and would make Lakewood a more economical but equally convenient option for us as a developer as well as for our tenants that also want to be near Philadelphia,” Peter Sudler, CEO and president Sudler Co., said in a prepared statement. “The popularity of these buildings reflects the strong New Jersey industrial recovery, especially in this region, and is the impetus for additional sites we have coming on-line in the near future.”
Both buildings call for tilt-up construction and offer 32-foot clear ceilings, multiple loading docks that are tailboard or drive-in and a modern sprinkler system, among other features.