You are encouraged to dial "2-1-1" 24 hours a day, seven days a week if you need help in understanding and finding available assistance services. To access more business news, visit NJB News Now. According to CBRE Investment Management’s research, this submarket has a logistics space availability rate of 2.4% as of first quarter 2022, which is near historic lows for the area. The location affords tenants easy access to the NJ Turnpike (I-95) via Route 18. The Arsenal Trade Center is centrally located in New Jersey, within a 30-minute drive of two million people, an hour’s drive of New York City and a day’s drive of more than one-third of the U.S. All involved are looking forward to the transformation of this site,” said Shapiro. “This was truly a team effort between buyer and seller along with the Borough of Sayreville and the Sayreville Economic and Redevelopment Agency (SERA), its redevelopment agency, to redevelop an underutilized property.
Ben Shapiro of CBRE represented the seller, Hercules LLC, an affiliate of Ashland LLC, as agent in the marketing and sale of the property. QuadReal provided construction financing for the project. The development team is seeking LEED Silver designation. The Arsenal Trade Center is being designed by KSS Architects, and RC Anderson is acting as the general contractor. “We believe that Trammell Crow is the ideal partner to help realize the vision for the Arsenal Trade Center as a critical hub in any modern logistics strategy and ensure that these assets are delivered in a high-quality, efficient manner that will both benefit our investors and capture continued user demand in one of the nation’s leading logistics corridors.” “This development represented a unique opportunity to meet a significant need for Class A logistics spaces in the Central and Northern New Jersey market,” said Mary Lang, head of Americas Direct Logistics Strategies for CBRE Investment Management. The project’s proximity to major transportation arteries such as the New Jersey Turnpike and Garden State Parkway allows for efficient access throughout the NY/NJ Metro.
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Each building offers above standard car and trailer parking, 40’ clear heights, full site circulation, and multiple points of ingress and egress.
The project’s three buildings, all rear-loaded facilities, will span 284,341 square feet, 341,833 square feet and 451,602 square feet, respectively. Not only will this project bring in-demand warehouse space to the area, but it will also bring with it many pre- and post-development employment opportunities.” “We are pleased to partner with CBRE Investment Management on this venture and combine our teams’ deep expertise in industrial development.
Projects of this scale, design quality and strategic location simply do not come along often,” said Andrew Mele, managing director of TCC’s Northeast Metro office. “Arsenal Trade Center represents a unique opportunity to deliver a world-class logistics park in one of the most sought-after markets in the United States. Construction on the three-building project is slated to begin this summer, with completion scheduled for late 2023. The 74-acre site, located at 50 South Minisink Road, is just four miles east of the NJ Turnpike in the heart of the Central New Jersey industrial market. Trammell Crow Company (TCC) and JV partner CBRE Investment Management announced plans for Arsenal Trade Center, a 1-million-square-foot industrial development in Sayreville. Real Estate 1M-SF Arsenal Trade Center Planned for Sayreville On Jun 21, 2022
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