A project by MORVAY will bring 60,000 square feet of flex industrial space to 2526-2544 Kuser Road in Hamilton — Rendering courtesy: Zimmel Associates
By Joshua Burd
A developer is planning more than 100,000 square feet of new flex industrial space in Mercer County after acquiring two fully approved tracts in Hamilton and Robbinsville.
According to Zimmel Associates, which brokered the sale to MORVAY, the Hamilton property comprises 7.1 acres at 2526-2544 Kuser Road, where plans call for a 60,000-square-foot facility with 32-foot ceiling heights, 12 tailboard loading docks and four drive-in doors. The site is minutes from Interstate 295, Route 130 and the New Jersey Turnpike, the brokerage team added, providing strong access to major logistics corridors throughout the region.
The Robbinsville site, located at 110 North Gold Drive, is approved for a roughly 45,000-square-foot flex industrial building on some seven acres, according to a news release. Users will be a short drive from Route 33, Interstate 195 and the Turnpike, making it a potential option for regional distribution and light industrial users that may also seek easy access to Pennsylvania.
Aside from brokering the sale, Zimmel will serve as the leasing broker for both projects.
“MORVAY was looking for exactly this kind of opportunity — well-located, approved development sites,” said David Zimmel, president of Edison-based Zimmel Associates. “We introduced both properties, and the transactions came together quickly due to their readiness and ability to execute quickly.”
MORVAY Founder and Managing Principal David Rottenberg added: “We are excited about this transaction and have strong conviction in the industrial flex space. This transaction exemplifies our broader strategy to acquire, develop and manage a best-in-class portfolio of well-located, Class A industrial flex properties in high-barrier-to-entry markets, where we see strong tenant demand and limited supply.”
Zimmel, meantime, said the projects will “offer rare new-construction flex industrial availability in a high-demand market.”
