Real Estate Weekly
Image default
Deals & Dealmakers

Lexus renews 62,000 s/f NJ lease

Transwestern Real Estate Services (TRS) announced Lexus of Bridgewater has renewed its lease for 62,400 s/f at 1EB and 1EA Chimney Rock Road, part of the Middlebrook Crossroads industrial warehouse and flex manufacturing property in Bridgewater, New Jersey.

The Transwestern industrial leasing team of Managing Directors Jeffrey Furey and Lori Zuck and Associate Matt McHale represented the landlord, Terreno Realty Corp., in the transaction.

“New Jersey remains an industrial hotspot, and we’re seeing continued interest from users for well-located and maintained properties,” said Furey. “Middlebrook Crossroads, one of the first planned industrial parks in the country, is a prime example showing the tremendous strength of a versatile property with access to highways and nearby amenities.”     

Currently 89 percent occupied, Middlebrook Crossroads is an 18-building, multi-tenanted industrial complex featuring upgraded roofing, signage and landscaping. Tenants range from food services to light manufacturing and recreation, including a CrossFit franchise and a basketball center.

The property’s location between Routes 22 and 28 and near Interstate 287 is a major benefit for businesses that require access to Parsippany, Flemington, Princeton and Staten Island, which are all within a 30-minute drive.

Middlebrook Crossroads is also conveniently located near the Bridgewater Commons Mall, Bridgewater Promenade, as well as several restaurants and hotels.

(Visited 1 times, 1 visits today)

Related posts

Woodmont Industrial Partners Continues South Florida Expansion with $21M Acquisition 

REW

Harlem mixed-use building, home to the Corner Social Bar & Restaurant, sells for $14.34M

REW

Center for NYC Neighborhoods, DIVAS for Social Justice and The ABNY Foundation Announce Launch of Black Housing Project

REW