444,466 SF AVAILABLE FOR LEASE NEW CONSTRUCTION

Transcription

1 444,466 SF AVAILABLE FOR LEASE NEW CONSTRUCTION CRANBURY, NEW JERSEY Owner: Leasing Agent:

2 444,466 SF LOCATION: WAREHOUSE AVAILABLE FOR LEASE RI M CH ON D LOCATION HIGHLIGHTS: Logistics Center is located in one of the most powerful regions in the world being 32 miles from Manhattan and 25 miles from the Port of NY/NJ. The New York metropolitan area is the most affluent consumer market in the world with a gross metropolitan product of over $1.5 trillion. The Port of NY/NJ continues to experience unprecedented growth, moving 5.78 million TEU containers in 2014 worth over $207 Billion, setting a new record. The Exit 8A sub-market is consistently stabilized with a strong labor force in the Central New Jersey market. GROW NJ INCENTIVES: -3- Qualifying projects at this site are eligible for a Grow NJ base incentive of $3,000 per new job, per year for 10 years. The project could also qualify for various bonus credits based on the extent and type of jobs, investment and other factors. Credits can be sold in exchange for cash if an award cannot be fully utilized by the recipient.

3 park SITE PLAN & BUILDING DETAILS: POST PANAMA SHIP Best-in-class design amenities including: 40 clear height Cross-dock loading format ESFR sprinkler system Energy efficient light fixtures to suit LEASED Roof-mounted Cambridge air rotation, gas-fired, hot air furnaces 4 drive-in doors High dock door ratios 185 truck courts Extensive off-wall dedicated trailer storage Optimal column spacing 185 Fully circulating design LEASED 83 Trailer Parks 444,466 s.f. 75 Car Parks 456 BUILDING 3: Up to 111 Loading Doors Car Parks Trailer Parks -4-

4 IMPROVED INFRASTRUCTURE: CRANBURY, NEW JERSEY NJ Turnpike Expansion The intensive NJ Turnpike Widening Program is now complete, resulting in doubled capacity on the 35-mile stretch of roadway between Exit 6 and 9. The outcome is a 12-lane (6 in each direction) dual-dual roadway capable of accommodating projected traffic needs through the year The program added 170 lane miles at a cost of about $2.5 billion. At the peak of construction, it was the largest ongoing roadway project in the Western Hemisphere. The NJ Turnpike connects Logistics Center with the Ports of Elizabeth and Newark, Newark Liberty Airport and New York City. The infrastructure expansion further integrates Exit 8A into the core Northern NJ Market.* Panama Canal Expansion The $5 billion project has doubled the capacity of the canal, and will continue to have a profound effect on global logistics routes. It now allows larger vessels to pass through carrying two to three times as much cargo, most of which to arrive at the Port of NY/NJ. Industry experts expect that we could see as much as 10% of all container traffic between East Asia and the US being rerouted from the West Coast ports to East Coast ports.* Port of NY/NJ Post-Panama Canal Expansion Capacity A combined commitment of more than $3 billion by the Port Authority of NY/NJ and its terminal-operating partners will ensure the Port is ready to handle trade volumes projected to double in the upcoming decade. This included deepening the harbor to accommodate the demand for international cargo throughout the region. The Elizabeth-Port Authority Marine Terminal is benefiting from an ExpressRail Elizabeth expansion to 18 tracks and an addition of 84 acres, bringing its terminal site to a total of 350 acres. Other rail projects, including a new support yard, will further add to throughput capacities and efficiencies at both the Elizabeth-Port Authority Marine Terminal and Port Newark.* Raising of the Bayonne Bridge The $1.3 billion project raised the Bayonne Bridge to a new height of 215 feet above the Kill Van Kull. The increased 64 feet of clearance now lets the world's biggest container ships pass beneath the bridge en route to shipping terminals in Newark and Elizabeth. The raising of the Bayonne Bridge will now further increase the amount of cargo arriving in New Jersey. Raised roadway EXISTING roadway POST PANAMA SHIP 64 Feet STATEN ISLAND -6- ADDITIONAL APPROACH PIER * Sources: Boston Consulting Group / C.H. Robinson

5 PARK ,466 SF AVAILABLE FOR LEASE NEW CONSTRUCTION New Jersey White Plains Yonkers New York Parsippany 78 Allentown New York MINUTES 90 MINUTES Trenton TH U O YS R U NB A CR Philadelphia Drive Times Toms River 60 MINUTES D OA R ER RIV M I S E L CRANBURY, NEW JERSEY 35 Paterson 80 8A 30 Minutes 60 Minutes 90 Minutes New Jersey POPULATION 1,051,516 Atlantic City 7,133,067 20,554,020 Drive Times/population * Courtesy of Esri PORTS OF NY/NJ: Logistics Center is a 34-mile drive south of the Port Newark-Elizabeth Terminal, the largest containerized deep-water shipping terminal on the East Coast. The Port of NY/NJ activity remains strong, with 2014 loaded container traffic in TEUs totaling 5.78 million, up 6% from Furniture, beverages and appliances were among the top imports for Companies often view the marginally increased cost of drayage from the Port to Exit 8A as offset by a more functional and affordable distribution center, and an overall more efficient supply chain. RD YA ICK BR 2 N-CR W O T S GHT HI *Courtesy of Google Maps ANB Tolls are based on T-5 trucks using E-Z Pass during off-peak hours. Diesel Fuel Surcharge is calculated at 16% based upon current diesel fuel costs. Port Drayage Cost Estimates AD RO D. TION R A T S Y UR 1 N IO AT ST. RD 3 NJ Turnpike Corridor and Lehigh Valley - Inbound Drayage Analysis Driving distances to: Submarket Exit 13 Exit 12 Exit 11 Exit 10 Exit 9 Exit 8A Representative City or Town Elizabeth Carteret Sayreville Edison New Brunswick Bethlehem Allentown Breinigsville One-way mileage: port of Newark/Elizabeth Lehigh Valley NJ Turnpike 3 miles New York City 48 miles Base Drayage $203 $225 $247 $253 $268 $285 $393 $405 $424 Port Newark/Elizabeth 34 miles Philadelphia 50 miles Diesel Fuel Surcharge $33 $36 $40 $40 $43 $46 $63 $65 $68 Newark Liberty International Airport 34 miles Washington, DC 181 miles Tolls (round trip) $0 $5 $11 $16 $19 $24 $23 $23 $23 $236 $266 $298 $330 $330 $330 $480 $515 $515 John F. Kennedy International Airport 60 miles Boston 262 miles LaGuardia Airport 60 miles Total (per container) Note: Drayage estimates are based on a sample property addresses in each submarket. Actual drayage rates are determined by transportation providers and may differ from above, as well as potentially varying based on volume, commitment, wait time at DC, etc JLL Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

6 PROJECT HIGHLIGHTS: 444,466 SF REMAINING WAREHOUSE AVAILABLE FOR LEASE Location: Exit 8A This property is situated within the 55 million square foot Exit 8A Submarket in Central New Jersey at the geographic center of the Boston - Washington DC Corridor; approximately 32 miles southwest of Manhattan and 50 miles northeast of Philadelphia. The submarket is directly south of the Port of New York/New Jersey, which, along with the Ports of Los Angeles and Long Beach, comprise the largest ports in the United States. Exit 8A is one of the most dynamic distribution hubs in the country, hosting a range of Fortune 500 tenants such as Costco, Home Depot, Barnes & Noble, Coca-Cola, FedEx, Ford Motor Company and Kellogg s; and household names like Volkswagen Audi, Williams-Sonoma, Crate & Barrel, ShopRite, Hyundai, Petco, L Oréal and Tory Burch. Exit 8A serves as a processing, sorting and distribution hub for products arriving at the Port of NY/NJ. Access/Visibility: This site is located less than three miles from the New Jersey Turnpike Interchange 8A and offers prominent frontage along this critical roadway. The site also provides immediate access to Route 130. Best-in-Class Building Specifications: Logistics Center is a master-planned, institutionally owned industrial park, boasting best-in-class design amenities including extensive off-wall dedicated trailer storage, 40 clear height, optimal column spacing, and a fully circulating design. -2-

7 CRANBURY, NEW JERSEY CARLISLE DISTRIBUTION CENTER 6 Logistics Drive Carlisle, PA 800,000 sf LEHIGH VALLEY SOUTH DISTRIBUTION CENTER 7570 Industrial Park Way Macungie, PA 315,000 sf CARLISLE DISTRIBUTION CENTER 70 Logistics Drive Carlisle, PA 575,000 sf Owner: Tenant: At Home EAST POINT TRADE CENTER 350 and 351 Lingle Avenue Palmyra, PA 1,400,000 sf in 2 buildings Tenants: Barry Callebaut, USA and QPSI RARITAN CENTER 1000 Industrial Avenue Woodbridge, NJ 697,500 sf Tenant: Geodis 2485 COMMERCE CENTER BLVD. Bethlehem, PA 677,088 sf Clarion Partners LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 36 years. Headquartered in New York, the firm maintains offices in key markets throughout the United States and in London, England. With more than $45.6 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 300 domestic and international institutional investors. More information about the firm is available at Andy Sitzer Andy.sitzer@clarionpartners.com Tenant: General Mills Tenants: Parlux Fragrances, Alex Toys, GPR Logistics Tenant: Primark ELIZABETH Elizabeth, NJ 279,208 sf CRANBURY STATION PARK, NJ 1,240,967 sf in 2 buildings GATEWAY LOGISTICS PARK Union township, PA 1,502,000 sf in 2 buildings Leasing Agent: Tenants: Mainfreight Tenant: Wayfair Tenants: Mattell, VF Corp SOUTH WASHINGTON PARK Piscataway, NJ 532,793 sf in 2 buildings BURLINGTON INDUSTRIAL PARK Burlington, NJ 1,388,168 sf in 4 buildings PARK 130 South Brunswick, NJ 979,940 sf in 3 buildings For leasing information, please contact: Nate Demetsky nate.demetsky@am.jll.com Dean Torosian dean.torosian@am.jll.com 2 1 GEORGES ROAD3 130 RIDGE ROAD JLL Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. Tenants: SHI International, Dawn Foods, Kubra Tenants Include: American Hotel Register Co. Available for Lease Tenants: REMA Foods, XPO Logistics, Distrilogix -7-