2,781,912 SF AVAILABLE FOR LEASE NEW CONSTRUCTION

Transcription

1 2,781,912 SF AVAILABLE FOR LEASE NEW CONSTRUCTION EXIT 8A - NJ TURNPIKE Owner: Leasing Agent: industrial CAMPUS OPPORTUNITY one of the last remaining Sites for A large-scale campus in CENTRAL NEW JERSEY

2 PROJECT HIGHLIGHTS: 2,781,912 SF - 3 Buildings WAREHOUSE AVAILABLE FOR LEASE Unique Industrial Campus EXIT 8A Opportunity: - NJ TURNPIKE Logistics Center presents one of the few remaining opportunities JERSEY in the New Jersey Industrial Market to achieve a large-scale corporate campus. 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 2,781,912 SF the Boston - Washington DC Corridor; approximately 32 miles southwest of Manhattan and 50 miles northeast of Philadelphia. The submarket is directly WAREHOUSE south of the Port of New York/New Jersey, which, along with the Ports of Los Angeles and Long Beach, comprise the AVAILABLE largest ports in FOR the LEASE 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, approvals for clear heights of 40 and higher, optimal column spacing, and a fully circulating design. -2-

3 2,781,912 SF - 3 Buildings LOCATION: WAREHOUSE AVAILABLE FOR LEASE RI M CH ON BUILDING 1: 1,346,138 s.f. BUILDING 2: 991,348 s.f. BUILDING 3: 444,426 s.f. 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.

4 SITE PLAN & BUILDING DETAILS: 2,781,912 SF NEW CONSTRUCTION Best-in-class design amenities including: Approvals for clear heights of 40 and higher Cross-dock loading format (57) Trailer Parking Spaces (76) Trailer Parking Spaces ESFR sprinkler system Energy efficient light fixtures to suit Roof-mounted Cambridge air rotation, gas-fired, hot air furnaces 4 drive-in doors High dock door ratios 600' 2237' BUILDING 1: 1,346,138 s.f. Up to 276 Loading Doors 185 truck courts Extensive off-wall dedicated trailer storage (79) Trailer Parking Spaces (78) Trailer Parking Spaces Optimal column spacing Fully circulating design, capable of divisions 2,000 ft. of NJ Turnpike visibility (59) Trailer Parking Spaces (58) Trailer Parking Spaces Car Parking 456' (83) Trailer Parking Spaces 970' BUILDING 3: 444,426 s.f. Up to 111 Loading Doors Car Parking Car Parking (50) Trailer Parking Spaces 560' 1764' BUILDING 2: 991,348 s.f. Up to 208 Loading Doors (38) Trailer Parking Spaces (26) Trailer Parking Spaces Master-planned development site -4-

5 IMPROVED INFRASTRUCTURE: EXIT 8A - NJ TURNPIKE 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 will double the capacity of the canal, and will have a profound effect on global logistics routes. It will allow larger vessels to pass through carrying two to three times as much cargo, most of which will arrive at the Port of NY/NJ. The project is expected to be completed in 2016, and 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 will raise the Bayonne Bridge to a new height of 215 feet above the Kill Van Kull. The increased 64 feet of clearance will let the world's biggest container ships pass beneath the bridge en route to shipping terminals in Newark and Elizabeth by late 2017.* The raising of the Bayonne Bridge will further increase the amount of cargo arriving in New Jersey. Raised roadway EXISTING roadway POST PANAMA SHIP 64 Feet STATEN ISLAND -5- ADDITIONAL APPROACH PIER * Sources: B oston Consulting Group / C.H. Robinson

6 EXIT 8A - NJ TURNPIKE 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: Whirlpool 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 2485 COMMERCE CENTER BLVD. Bethlehem, PA 677,088 sf Clarion Partners has been a leading U.S. real estate investment manager for over 30 years. Headquartered in New York with offices in major markets across the United States as well as in São Paulo, Brazil and London, England, and a presence in Mexico, they employ a national network of experienced professionals who bring a deep knowledge of local markets to every investment decision. Clarion currently has $36.8 billion in total assets under management and 200 domestic and international investors. The company invests in high quality properties, typically from the five key property types: office, retail, industrial, multifamily residential and hotel. Clarion Partners is distinguished by a performancedriven approach, organizational stability and a mandate of accountability to their clients. Andy Sitzer andy.sitzer@clarionpartners.com Tenant: General Mills Tenants: Parlux Fragrances, Alex Toys, GPR Logistics Tenant: Primark ELIZABETH Elizabeth, NJ 279,208 sf I-295 AND RISING SUN ROAD Bordentown, NJ 440,550 sf GATEWAY LOGISTICS PARK Union township, PA 1,502,000 sf in 2 buildings Joe Zingaro joe.zingaro@clarionpartners.com Leasing Agent: Tenants: Amazon, Mainfreight Build-to-suit for Lease Under Construction For leasing information, please contact: 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 Paul Torosian paul.torosian@am.jll.com Nate Demetsky nate.demetsky@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. Under Construction -6-

7 BUILDING 1: 2,781,912 SF 1,346,138 s.f. PARK 130 BUILDING 2: AVAILABLE FOR LEASE 991,348 s.f. NEW CONSTRUCTION BUILDING 3: 444,426 s.f. 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 EXIT 8A - NJ TURNPIKE 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- Pass during off-peak hours. Diesel Fuel Surcharge is calculated at 14% 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 Representative City or Town Elizabeth Carteret Sayreville Edison New Brunswick Bethlehem Allentown Breinigsville One-way mileage: port of Newark/Elizabeth Exit 9 Exit 8A Lehigh Valley NJ Turnpike 3 miles New York City 48 miles Base Drayage $206 $228 $247 $253 $269 $289 $410 $426 $445 Port Newark/Elizabeth 34 miles Philadelphia 50 miles Diesel Fuel Surcharge $29 $32 $35 $35 $38 $40 $57 $60 $62 Newark Liberty International Airport 34 miles Washington, DC 181 miles Tolls (round trip) $0 $ 5 $11 $15 $18 $22 $20 $20 $20 $ $ $ $ $ $ $ $ $ John F. Kennedy International Airport 60 miles Boston 262 miles LaGuardia Airport 60 miles Tot al ( p e r c ont aine r) 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.