December 14, 2020
The New Jersey office of Duke Realty Corporation signed lease agreements totaling 950,000 square feet for two neighboring distribution facilities in Cranbury, NJ, within the high-demand Exit 8A submarket. Cooper Electric has entered into a long-term lease agreement for the 650,123-square-foot facility at 315 Half Acre Rd., while Comptree is leasing the 300,142-square-foot facility at 311 Half Acre Rd.
“Duke Realty continues to see significant demand in New Jersey for modern distribution space – especially for facilities along the New Jersey Turnpike Corridor,” said Ben Rosen, VP of leasing and development for Duke Realty in New Jersey.
Cooper Electric was represented by Jules Nissim with Cushman & Wakefield. Comptree was represented by Richard Marchisio and Drew Maffey with Lee & Associates. Duke Realty was represented in both leases by a CBRE team of Mindy Lissner, William Waxman, David Gheriani, Robert Pine and Kevin Dudley.
For comments, questions or concerns, please contact Paul Bubny