Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CRANBURY, NJ-TIAA-CREF has tapped the New York City-based JRT Realty Group to market three industrial buildings totaling 859,000 square feet in the New Jersey Turnpike Exit 8A submarket here. JRT’s Jodi Pulice and Greg Smith will collaborate with alliance partner Cushman & Wakefield to shop the space, with Frank Caccavo, Jason Goldman, Andrew Siemsen and Glenn Talavera of C&W all involved in the assignment.

“These properties were all built in the past nine years, and they feature amenities such as metal halide lighting and ESFR sprinklers,” Pulice says. “And New Jersey’s 8A exchange is a premier location for warehousing and distribution operations.”

“By continuing to equip our properties with the technology and amenities our tenants need, we’re confident that they will continue to create value for our tenants and clients alike,” says Kevin Smith, TIAA-CREF’s director of asset management.

About half of the total space is currently available and it’s listed with an asking price of $4.75 per square foot. The 233,000-square-foot building on 25 acres at 260 Prospect Plains Rd. within the Rockefeller Group FTZ is available in its entirety. Built in 2005, it was acquired by TIAA-CREF from Rockefeller Group Development later that year.

The other two buildings are the adjacent 1265 and 1267 South River Rd. on 62.5 acres, both completed in 1999. The 344,462-square-foot 1265 building currently has a total of just less than 112,000 square feet. And the 281,034-square-foot 1267 building has 58,627 square feet up for grabs, an availability recently reduced to that number with the signing of logistics provider Kamino International Transport to 60,462 square feet.

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?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.