Duke Realty Preleases 64% of Wood-Ridge Industrial to Caribbean Food Distributor
GraceKennedy Foods will occupy 124,888 square feet of the under-construction warehouse when it is complete in early 2019.
WOOD-RIDGE, NJ—Duke Realty Corporation has signed a lease with GraceKennedy Foods, a distributor of Caribbean, Central American and South American food products, for 124,888 square feet, or 64% of its new warehouse at 5 Ethel Boulevard in Wood-Ridge, NJ.
The building, which will total 193,888 square feet when construction is complete, is slated for delivery in early 2019.
“We are pleased with GraceKennedy’s early commitment to lease space in our newest industrial building in New Jersey,” says Ben Rosen, vice president of leasing for Duke Realty in New Jersey. “In choosing 5 Ethel, GraceKennedy will be operating in one of the newest and most functional distribution facilities in the entire Meadowlands market, offering extraordinary accessibility to Manhattan and the rest of the New York metropolitan area.”
GraceKennedy will consolidate operations from other Meadowlands locations into 5 Ethel Boulevard. 5 Ethel’s modern features, including 36-foot clear height, 55-foot x 44½-foot column spacing, LED motion-sensor-controlled lighting, 13 dock doors and ample car and trailing parking, will be utilized to help improve GraceKennedy’s operating efficiencies and lower costs.
Michael Schaible with Lee & Associates represented GraceKennedy in its lease, while Duke Realty was represented by Ben Rosen, Caitlin English and its listing brokers Robert Kossar, David Knee, Christopher Hile and Brian Golden with Jones Lang LaSalle.
The remaining 69,000-square-foot space in 5 Ethel Boulevard offers users modern amenities that are exceedingly rare for a space of its size including 36-foot clear height, 13 loading docks, 1 drive-in door, 32 trailer parking spaces and 58 car parking spaces.