Arsenal Trade Center on South Minisink Ave. in Sayreville — Courtesy: Trammell Crow Co.
By Joshua Burd
A wholesale distributor has leased one of three buildings at a new logistics park in Sayreville, committing to more than 342,000 square feet under a deal with Trammell Crow Co.
According to the developer, the transaction with JW Fulfillment Inc. follows the recent completion of the nearly 1.08 million-square-foot campus known as Arsenal Trade Center. The global logistics firm will occupy 342,371 square feet at 99 Callahan Blvd., while the second and third buildings span 285,000 and 451,602 square feet.
CBRE’s Tom Monahan, Larry Schiffenhaus and Brian Golden represented ownership at the park, while Charles Fern and Jimo Liu of Cushman & Wakefield represented JW Fulfillment.
“Arsenal Trade Center is strategically located in the heart of the largest and most dynamic consumer market in the world,” said Andrew Mele, Market Leader for TCC’s Northeast region. “Despite the region’s importance to virtually all major global corporations, logistics projects of this scale and design quality are rare in the market.
“Arsenal was developed to world-class standards, with the needs of today’s most sophisticated occupiers — now and in the future — at the forefront of every design decision. We’re incredibly proud of the result and thrilled that JW Fulfilment has chosen Arsenal.”
TCC developed Arsenal in partnership with CBRE Investment Management, which worked on behalf of a fund the firm manages. The project has revitalized a 74-acre former chemical plant site, which drew interest as a logistics hub thanks in part to its location four miles east of the New Jersey Turnpike.
Buildings at the campus, which has gold certification on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale, has 40-foot clear ceiling heights, above-standard car and truck parking and abundant and scalable power availability. TCC added that the property has a 30-year payment in lieu of taxes agreement in place.
Massive ex-manufacturing site in Sayreville to be reborn as 1.1 million sq. ft. logistics hub
