EDISON, NJ—CBRE Group, Inc. completednegotiations for the lease renewal of 193,100square feet ofindustrial space by Performance Team Freight Systems,Inc. at 145 Talmadge Rd. here.

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CBRE also represented The Hampshire Companiesin the firm's recent sale of its 81 Kingsbridge Rd. industrialproperty in Piscataway to Super Win EnterprisesCorp., a nationwide paper and plastics distributor.

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Performance Team Freight Systems, a transportation and logisticscompany, renewed its lease at the site due to its locationaladvantages and the six acres of trailer parking available at thesite. The property, which totals 656,255 square feet, is near theNew Jersey Turnpike, Interstate 287, the Garden State Parkway androutes 1, 9 and 27.

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The CBRE team of ScottBelfer, NickNitti, MindyLissner and Bill Waxmanrepresentedthe property owner, NJIND Talmadge Road, LLC.

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“This industrial space offers an ideal location and keyamenities that tenants are reluctant to give up,” Belfer says.“It's not every day that you're able to offer a businessnear-immediate access to a majority of the state's vital roadways,while at the same time providing highly sought-after features. 145Talmadge Road serves as a prime example of the type of propertythat tenants are demanding in the industrial market.”

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The sale price of the 81 Kingsbridge Road industrial building toSuper Win Enterprises was not disclosed. The 60,756-square-footsingle-story building sits on five acres and has visibility alongI-287 with access to I-78 and I-280. The facility features 27-footclear ceilings, ample parking, two loading docks and is fullyclimate controlled. The property's layout also allows for theopportunity to add more parking and loading areas, Hampshire saidin an announcement of the sale.

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“The building's versatile layout and the fact that the buildingwas vacant during the time of the sale allowed the buyer tocustomize the space to fit their unique needs,” said IgorDerbaremdiker of Hampshire. “The sale of the propertyenabled us to achieve objective returns on our investment.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.