Apparel Distributor Leases 309,000 SF

CRANBURY, NJ-SanMar, a Seattle-based apparel and accessories distributor, has leased a total of 309,000 sf of warehouse/distribution space at 283 Prospect Plains Rd. here. For the tenant, the deal represents an extension and an expansion, by 91,000 sf, at the ProLogis-owned building, located in the New Jersey Turnpike Exit 8A market. The deal is just one in a recent run of large-ticket industrial leases Colliers Houston & Co. has engineered.

"The extension and expansion involved contiguous space formerly occupied by Christian Dior Perfumes," says Michael Markey, the Colliers Houston executive who orchestrated the deal along with colleagues Jon Tesser and Adam Citron of the firm's Somerset office. "We were retained by Christian Dior to sublease excess space and were able to have them released from 91,000 sf by structuring the SanMar transaction. The two transactions allowed SanMar and Christian Dior to expand and contract respectively into the amount of space they both needed." Terms were not released. Landlord ProLogis, which has a regional office here, was represented in-house by leasing executives Marc Petrella and Lisa Clark.

For the Colliers Houston trio, the deal is part of more than 600,000 sf of recent industrial leasing activity in the Garden State. In the Turnpike Exit 10 market in Middlesex County, Synnex Corp. has taken a total of 228,500 sf at 1000 Riverside Dr. in Keasbey, adjacent to Raritan Center. The signing fills the 697,500-sf building, which is owned by Frank A. Greek & Son Inc. and ING Clarion Partners. Colliers Houston represented Synnex, a Fremont, CA-based information technology supply chain services company. The building owners were represented by Trammell Crow. "The Synnex lease demonstrates the continuing need for such modern distribution centers in the Central New Jersey marketplace," Tesser says.

And in South Plainfield, Colliers Houston represented the ownership of 220 St. Nicholas Ave., where Allen Flavors leased 74,366 sf for manufacturing operations. The tenant, an Edison-based maker of flavor ingredients for the food-and-beverage industry, was represented by Coldwell Banker Commercial Feist & Feist.