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Deals & Dealmakers

L’Occitane leases 176,783 s/f in New Brunswick

120 Herrod Blvd

Jones Lang LaSalle has completed a new transaction for L’Occitane en Provence at 120 Herrod Boulevard in South Brunswick, N.J. The international cosmetics company signed a long-term lease for the 176,783-s/f Class A warehouse and distribution facility owned by Forsgate Industrial Partners LP.

L’Occitane was represented by David Knee, senior managing director, and Blake Chroman, senior vice president, with JLL. The building owner, Forsgate, was represented in-house by Catherine Argenio, director of leasing.

“L’Occitane needed to expand its distribution footprint to better serve its growing retail and e-commerce businesses in North America,” said Knee. “We scoured the New Jersey market for high-quality, well-located facilities, and we believe we found an ideal facility for our client’s operations.”

“We evaluated numerous buildings throughout Northern and Central New Jersey,” said Chroman. “Simply put, the facilities located near Exit 8A represented the best overall value for our client, not only based on rent, but also when labor and transportation costs were included in the analysis. Within the Exit 8A submarket, the Herrod Boulevard facility had the best features and specifications for L’Occitane’s operations.”

The property is just a few blocks from Exit 8A of the New Jersey Turnpike. The international cosmetics company is relocating to 120 Herrod Boulevard from its previous location at 1270 Valley Brook Avenue in Lyndhurst, N.J.

The Class A warehouse and distribution facility at 120 Herrod Boulevard was constructed in 1986 and includes 11,104 square feet of office space. The warehouse portion of the building offers 26-foot ceiling heights with 16 loading docks and 198 parking spaces.

 

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