Trammell Crow Company (TCC) and joint venture partner CBRE Investment Management secured two new leases at Arsenal Trade Center in Sayreville, NJ. The leases, totaling 535,915 square feet, were signed by Worldwide Logistics USA LCC and Nekteck, Inc. The landlord was represented by Tom Monahan, Larry Schiffinhaus, and Brian Golden of CBRE. Jimo Liu of Cushman & Wakefield represented Worldwide Logistics, while Matt Esposito of Lee & Associates represented Nekteck.
The largest lease, measuring 451,916 square feet, was signed by Worldwide Logistics for the entirety of Building 3. The company expects to occupy the space by May 1. In the second transaction, Nekteck leased 83,999 square feet within Building 1 at 49 Callahan Blvd.
“These leases underscore the sustained demand we’re seeing for high-quality logistics facilities in central New Jersey with excellent labor accessibility,” said Jessica Fraser, SVP with TCC. “Sayreville’s access to major transportation infrastructure and proximity to the New York metropolitan area continue to make it an attractive location for distributors seeking efficient, scalable space.”
The post Worldwide Logistics Leases 450K SF in Sayreville appeared first on Connect CRE.