The Lawrence Logistics Center at 40 Enterprise Ave. in Lawrence Township is slated for delivery in the fourth quarter. — Courtesy: Avison Young
By Joshua Burd
A developer has tapped Avison Young as its leasing agent for more than 260,000 square feet of soon-to-be-built industrial space in Lawrence Township.
Located at 40 Enterprise Ave., the facility is slated to be delivered in the fourth quarter of this year and will be the first new building in New Jersey developed by Alcamo Capital, the brokerage team said. Avison Young principals John C. Giordano III, Timothy Cadigan and Matthew Turse are leading the assignment with support from vice presidents John Gianis and Judy Troiano, who are based in the firm’s Morristown office.
“This project is important on a number of levels as it allows Alcamo Capital to reposition the site’s potential in the market, provide the community with greater employment and revenue opportunities, and for Avison Young to work with a sophisticated client seeking growth opportunities in our local market,” Cadigan said.
Construction on the 261,646-square-foot warehouse and light manufacturing facility, known as Lawrence Logistics Center, comes amid continued demand from e-commerce and logistics users, Avison Young said.
“We are thrilled to be partners with Avison Young, who was the clear choice to oversee the leasing for Lawrence Logistics Center given the firm’s extensive market knowledge and experience in successful project lease-ups,” said Anthony Basile, an Alcamo Capital principal. “Avison Young’s proprietary technology tools gave us a unique and invaluable insight while reviewing the market and identifying the best approach and use of the property.”