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JERSEY CITY, NJ-MAS-Brook Terminal Warehouse Inc. has signed a lease for a total of 89,000 sf at 202 Port Jersey Blvd. here, GlobeSt.com has learned. Terms of the lease were not disclosed.

Both the tenant and the owner of the industrial property, CalEast-LaSalle, were represented by the New Jersey office of CB Richard Ellis. Handling the deal for CBRE were first vice presidents Bill Waxman and Gary Capetta, senior associate Nick Nitti and associate Carrie Brown. The tenant, which is currently located at a smaller facility nearby, is a distributor of wines and liquors, according to Waxman.

“The tenant wanted to stay in the port locale for its distribution operations,” says Waxman. “On the owner side of the transaction, CalEast-LaSalle offered a Port New Jersey location that met all of the tenant’s needs.”

Owner CalEast-LaSalle is a joint venture between LaSalle Investment Management of Chicago and CalPERS. The venture focuses on industrial properties in the eastern half of the US.

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