First Industrial Realty Trust is set to build a 208,000 s/f distribution facility in Bordentown, NJ.
The developer acquired a 20-acre parcel located at 445 Rising Sun Road in Bordentown, from a private investor in a deal brokered by NAI Mertz’ Jonathan Klear and Fred Meyer.
First Industrial is launching construction of a speculative building on the site, which has frontage on Route 130, Rising Sun Road, and Dunns Mill Road. Klear and Meyer, in conjunction with Cushman & Wakefield’s Jules Nissim and Kimberly Bach, Snr., have been selected by First Industrial to handle leasing for the building, to be known as First Bordentown Logistics Center.
“First Bordentown Logistics Center will be a great addition to our New Jersey portfolio and will enable us to meet strong tenant demand in this significant logistics corridor that serves the East Coast consumption zone,” said John Hanlon, Executive Director of First Industrial Realty Trust.
“We have enjoyed success with the three nearby buildings we already own totaling 453,000 square feet and will continue to explore new investments in this high growth market that is benefiting from strong highway infrastructure and a talented and diverse local workforce.”
First Bordentown will total approximately 208,000 square feet of warehouse and include 2,950 square feet of office space. Delivery is slated for late 2022.
The proposed building will feature 36 ft. clear ceiling heights, approximately 56 by 50 ft. column spacing, 45 trailer stalls, 42 dock doors, two ramps, ESFR sprinkler system and abundant employee parking. Corporate neighbors include Grainger, Genesis Logistics, Netflix, United Supply, Owens & Minor and BJ’s, among others.
“The site for this Class A building is an ideal location for distribution and industrial users given its close proximity to major highways offering many transportation options, and a local labor pool of hundreds of thousands of talented and eager workers,” said Klear.
“First Industrial is a long-time client of our firm and we have built a strong relationship with their team of professionals for many years. They always deliver quality products and we are thrilled for the opportunity to bring a quality tenant to their building. Our expert knowledge of the area and local business climate will be sure to help make this project a complete success,” added Meyer.
This location in Burlington County has been witnessing an industrial boom for several years. This site will offer potential tenants immediate northbound and southbound access to Route 130 and less than one mile of travel to southbound access to I-295 at Exit 56 and northbound access to I-295 at Exit 57. It is also just two miles to Exit 7 of the New Jersey Turnpike and 7.5 miles to the Pennsylvania Turnpike.