CT Realty Secures E-Commerce Tenant for New, Jersey City Facility
CBRE arranged the long-term lease, which encompasses the entire 95,808-square-foot industrial property.
JERSEY CITY, NJ – CBRE has arranged a 95,808-square-foot, long-term lease encompassing an entire warehouse facility located at 79 Thomas McGovern Dr. in Jersey City, NJ.
CBRE secured an international e-commerce company as a tenant for the newly-developed industrial property.
Situated on five acres of fully-fenced and secure land, the industrial warehouse features 36-foot ceiling heights, eight dock doors, 87 parking spaces, LED motion sensors, ESFR sprinkler systems and nearly 2,000 square feet of office space.
The new facility represents CT Realty’s first development project in New Jersey.
“79 Thomas McGovern Drive presented the tenant with a truly unique opportunity to be located in a brand-new facility in this prime last mile distribution area,” states CBRE’s Thomas Monahan. “Offering direct access to New York City via the Holland and Lincoln Tunnels and just a few minutes from the ports of Newark and Elizabeth, as well as Newark Liberty International Airport, the property is ideal for the tenant’s real estate and logistics needs.”
Representing CT Realty in the lease negotiations and spearheading the leasing campaign for the property was CBRE’s team of Thomas Monahan, Stephen D’Amato, Larry Schiffenhaus, Anastasia Lazarides, Lauren Hageman, Gerard Monahan and Brian Fiumara.
“CT Realty is thrilled to land such a high-profile, e-commerce tenant in our first development project in New Jersey,” says CT Realty’s Rob Huthnance. “During these uncertain times in our industry, it was a pleasure to work with the CBRE team and we’re grateful that they were able to get this deal across the finish line.”
