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Construction & Design

JLL retained to lease new 610,000-SF distribution facility in Central New Jersey

JLL Northeast Industrial Region has been retained by 2020 Acquisitions as exclusive leasing agent for a new 610,000 square feet, state-of-the-art distribution facility in Central New Jersey, set to be delivered to the market this summer.

Located at 5206 Route 130 in the Burlington County township of Mansfield, the speculative new
construction will have 123 loading docks, four drive-ins, 40 ft. clear heights, ESFR/wet sprinkler system
and parking for 95 trailers and 173 cars.

The JLL leasing team for the facility will be led by Vice Chairman Joel Lubin, Executive Managing
Director Brian Golden and Managing Director Gary Politi with JLL’s Northeast Industrial Region.

“5206 Route 130 is situated within one of the best-performing industrial markets in Central New Jersey,”
said Lubin. “Offering easy access to the entire Philadelphia metro area along with New Jersey, Maryland
and New York, its proximity to an extensive highway network provides access to over 20 million people
within a two-hour drive.”

The facility is situated on 47-acres earmarked for redevelopment by the Mansfield Township Committee
to promote job creation and economic growth. The property has a long-term PILOT tax program that
greatly reduces the per square foot tax cost. With a deep worker pool and the Port of Newark and
Newark Airport both less than 60 miles away, the property is positioned to meet demand from
ecommerce and logistics companies who have driven New Jersey’s industrial vacancy to its lowest
levels in history.

“Situated between New jersey Turnpike Exits 5 to 7, Burlington County has become one of the most-
desired submarkets in the region and we are thrilled to bring this exceptional new product to market,”
said Golden. “As scarcity of both existing inventory and larger sites to accommodate these buildings
continues to frustrate the logistics sector, 5206 Route 130 provides an ideal location for last-mile and
next-day delivery fulfillment activity.”

Efrem Gerszberg of 2020 Acquisitions said, “This new development will create new jobs and bolster the
local economy while meeting market demand for standout e-commerce solutions. We are excited to work
with JLL to bring this Class A industrial development to the Central New Jersey market.”

JLL formed its Northeast Industrial Region in early 2017, combining its industrial brokerage operations in
Connecticut, New Jersey, New York and Pennsylvania into a single region. The firm merged its industrial
business lines to better serve clients that increasingly view the industrial sector in all four states as one
large interconnected market. The Northeast Industrial Market comprises approximately 1.76 billion
square feet of industrial space and represents the largest industrial market in the United States.

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