MONROE, NJ-Staples Inc., the office supply retail giant, has renewed its long-term lease for 204,000 sf, representing the entire space of the W/D building at 21 S. Middlesex Ave. here. The terms of the re-up were not released; space in that size category generally leases and re-leases for a number in the range of $6 per sf in the submarket.

The re-signing was handled as a collaboration between JRT Realty Group Inc., a New York City-based firm, in a strategic alliance with Cushman & Wakefield of NJ. JRT founder and president Jodi Pulice, and EVP Greg Smith, along with C&W’s Frank Caccavo, Jason Goldman and Andrew Siemsen repped the ownership, a fund managed by TIAA-CREF. JRT and C&W is the exclusive leasing agent for the property.

“Monroe is recognized as a premier W/D hub,” Pulice says. “Retail giants with large distribution and office centers, like Staples, value the market’s proximity to major consumer markets.”

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