(Read more on the industrial market.)

CRANBURY, NJ-The Contract and Commercial divisions of office supplies retailer Staples will occupy 52,000 sf at 4 Aurora Dr. within ProLogis Park here following the signing of a sublease with master tenant Graybar Electric. The deal was arranged for Graybar by SVP Kenneth Lundberg and director of corporate accounts Jonathan Stravitz of NAI James Hanson, Hackensack, NJ and for Staples by VP Mitchell Katz of CB Richard Ellis.

“The property is a premium facility, well-suited for this company’s warehousing and distribution needs,” says Lundberg. Terms were not released.

Built in 1998, the 416,000-sf 4 Aurora Dr. is located near NJ Turnpike Exit 8A in Central New Jersey. It’s currently 75% occupied by multiple tenants, including US Mail Consolidators. The existing 104,000-sf availability includes a 3,000-sf office component.

The 52,000-sf space is part of a 218,000-sf block once occupied by Graybar Electric, which moved out three years ago as part of a realignment and consolidation of various locations to a site in Northern New Jersey.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.