industrial CAMPUS OPPORTUNITY one of the last remaining Sites for A large-scale campus in CENTRAL NEW JERSEY Leasing Agent: Owner: Cranbury LOGISTICS CENTER 2,781,912 SF AVAILABLE FOR LEASE NEW CONSTRUCTION EXIT 8A - NJ TURNPIKE CRANBURY, NEW JERSEY www.CranburyLogiscsCtr.com
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CRANBURY, NEW JERSEY...Cranbury Bethlehem Allentown Breinigsville One-way mileage: port of Newark/Elizabeth 4 12 19 21 27 34 78 84 91 Base Drayage $206 $228 $247 $253 $269 $289 $410
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industrial CAMPUS OPPORTUNITY one of the last remaining Sites for A large-scale campus in CENTRAL NEW JERSEY
Leasing Agent:Owner:
CranburyL O G I S T I C S C E N T E R
2,781,912 SF AVAILABLE FOR LEASE NEW CONSTRUCTION
EXIT 8A - NJ TURNPIKECRANBURY, NEW JERSEY
www.CranburyLogisticsCtr.com
-6-
2,781,912 SF WAREHOUSE
AVAILABLE FOR LEASE
EXIT 8A - NJ TURNPIKEJERSEY
Unique Industrial Campus Opportunity:Cranbury Logistics Center presents one of the few remaining opportunities in the New Jersey Industrial Market to achieve a large-scale corporate campus.
Location: Exit 8AThis property is situated within the 55 million square foot Exit 8A Submarket in Central New Jersey at the geographic center of the Boston - Washington DC Corridor; approximately 32 miles southwest of Manhattan and 50 miles northeast of Philadelphia. The submarket is directly south of the Port of New York/New Jersey, which, along with the Ports of Los Angeles and Long Beach, comprise the largest ports in the United States. Exit 8A is one of the most dynamic distribution hubs in the country, hosting a range of Fortune 500 tenants such as Costco, Home Depot, Barnes & Noble, Coca-Cola, FedEx, Ford Motor Company and Kellogg’s; and household names like Volkswagen Audi, Williams-Sonoma, Crate & Barrel, ShopRite, Hyundai, Petco, L’Oréal and Tory Burch. Exit 8A serves as a processing, sorting and distribution hub for products arriving at the Port of NY/NJ.
Access/Visibility:This site is located less than three miles from the New Jersey Turnpike Interchange 8A and offers prominent frontage along this critical roadway. The site also provides immediate access to Route 130.
Best-in-Class Building Specifications:Cranbury Logistics Center is a master-planned, institutionally owned industrial park, boasting best-in-class design amenities including extensive “off-wall” dedicated trailer storage, approvals for clear heights of 40’ and higher, optimal column spacing, and a fully circulating design.
CranburyL O G I S T I C S C E N T E R
WAREHOUSE | AVAILABLE FOR LEASE2,781,912 SF - 3 Buildings PROJECT
HIGHLIGHTS:
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LOCATION:
LOCATION HIGHLIGHTS:■ Cranbury Logistics Center is located in one of the most powerful regions in the world being 32 miles from Manhattan and 25 miles from the Port of NY/NJ.
■ The New York metropolitan area is the most affluent consumer market in the world with a gross metropolitan product of over $1.5 trillion.
■ The Port of NY/NJ continues to experience unprecedented growth, moving 5.78 million TEU containers in 2014 worth over $207 Billion, setting a new record.
■ The Exit 8A sub-market is consistently stabilized with a strong labor force in the Central New Jersey market.
GROW NJ INCENTIVES:Qualifying projects at this site are eligible for a Grow NJ “base” incentive of $3,000 per new job, per year for 10 years. The project could also qualify for various “bonus” credits based on the extent and type of jobs, investment and other factors. Credits can be sold in exchange for cash if an award cannot be fully utilized by the recipient.
CranburyL O G I S T I C S C E N T E R
BUILDING 1: 1,346,138 s.f.
BUILDING 2: 991,348 s.f.
BUILDING 3: 444,426 s.f.
WAREHOUSE | AVAILABLE FOR LEASE2,781,912 SF - 3 Buildings
Master-planned development siteUp to 111 Loading Doors
Up to 208 Loading Doors
Up to 276 Loading Doors
CranburyL O G I S T I C S C E N T E R
■ Best-in-class design amenities including: ■ Approvals for clear heights of 40’ and higher ■ Cross-dock loading format ■ ESFR sprinkler system ■ Energy efficient light fixtures to suit ■ Roof-mounted Cambridge air rotation, gas-fired, hot air furnaces ■ 4 drive-in doors ■ High dock door ratios ■ 185’ truck courts ■ Extensive “off-wall” dedicated trailer storage ■ Optimal column spacing■ Fully circulating design, capable of divisions■ 2,000 ft. of NJ Turnpike visibility
64 FeetRaised roadway
EXISTING roadway
STATEN ISLAND
ADDITIONAL
APPROACH PIER
POST PANAMA SHIP
EXIT 8A - NJ TURNPIKECRANBURY, NEW JERSEYEXIT 8A - NJ TURNPIKECRANBURY, NEW JERSEYCranbury
L O G I S T I C S C E N T E R
NJ Turnpike Expansion The intensive NJ Turnpike Widening Program is now complete, resulting in doubled capacity on the 35-mile stretch of roadway between Exit 6 and 9. The outcome is a 12-lane (6 in each direction) dual-dual roadway capable of accommodating projected traffic needs through the year 2032. The program added 170 lane miles at a cost of about $2.5 billion. At the peak of construction, it was the largest ongoing roadway project in the Western Hemisphere. The NJ Turnpike connects Cranbury Logistics Center with the Ports of Elizabeth and Newark, Newark Liberty Airport and New York City. The infrastructure expansion further integrates Exit 8A into the core Northern NJ Market.*
Panama Canal ExpansionThe $5 billion project will double the capacity of the canal, and will have a profound effect on global logistics routes. It will allow larger vessels to pass through carrying two to three times as much cargo, most of which will arrive at the Port of NY/NJ. The project is expected to be completed in 2016, and we could see as much as 10% of all container traffic between East Asia and the US being rerouted from the West Coast ports to East Coast ports.*
Port of NY/NJ – Post-Panama Canal Expansion CapacityA combined commitment of more than $3 billion by the Port Authority of NY/NJ and its terminal-operating partners will ensure the Port is ready to handle trade volumes projected to double in the upcoming decade. This included deepening the harbor to accommodate the demand for international cargo throughout the region. The Elizabeth-Port Authority Marine Terminal is benefiting from an ExpressRail Elizabeth expansion to 18 tracks and an addition of 84 acres, bringing its terminal site to a total of 350 acres. Other rail projects, including a new support yard, will further add to throughput capacities and efficiencies at both the Elizabeth-Port Authority Marine Terminal and Port Newark.*
Raising of the Bayonne BridgeThe $1.3 billion project will raise the Bayonne Bridge to a new height of 215 feet above the Kill Van Kull. The increased 64 feet of clearance will let the world's biggest container ships pass beneath the bridge en route to shipping terminals in Newark and Elizabeth by late 2017.*
* Sources: * Sources: Boston Consulting Group / C.H. Robinsonoston Consulting Group / C.H. Robinsonoston Consulting Group / C.H. Robinsonhttp://www.nytimes.com/interactive/2014/03/23/nyregion/how-and-why-they-are-raising-the-bayonne-bridge-roadway.htmlttp://www.nytimes.com/interactive/2014/03/23/nyregion/how-and-why-they-are-raising-the-bayonne-bridge-roadway.htmlhttp://www.wsj.com/articles/bayonne-bridge-raising-project-delayed-to-late-2017-1443740974ttp://www.wsj.com/articles/bayonne-bridge-raising-project-delayed-to-late-2017-1443740974http://njturnpikewidening.comttp://njturnpikewidening.comhttp://www.panynj.gov
IMPROVED INFRASTRUCTURE:
The raising of the Bayonne Bridge will further increase the amount of cargo arriving in New Jersey.
Clarion Partners has been a leading U.S. real estate investment manager for over 30 years. Headquartered in New York with offices in major markets across the United States as well as in São Paulo, Brazil and London, England, and a presence in Mexico, they employ a national network of experienced professionals who bring a deep knowledge of local markets to every investment decision. Clarion currently has $36.8 billion in total assets under management and 200 domestic and international investors. The company invests in high quality properties, typically from the five key property types: office, retail, industrial, multifamily residential and hotel. Clarion Partners is distinguished by a performance-driven approach, organizational stability and a mandate of accountability to their clients.
Note: Drayage estimates are based on a sample property addresses in each submarket. Actual drayage rates are determined by transportation providers and may differ from above, as well as potentially varying based on volume, commitment, wait time at DC, etc.
PORTS OF NY/NJ:Cranbury Logistics Center is a 34-mile drive south of the Port Newark-Elizabeth Terminal, the largest containerized deep-water shipping terminal on the East Coast. The Port of NY/NJ activity remains strong, with 2014 loaded container traffic in TEUs totaling 5.78 million, up 6% from 2013. Furniture, beverages and appliances were among the top imports for 2014.
Companies often view the marginally increased cost of drayage from the Port to Exit 8A as offset by a more functional and affordable distribution center, and an overall more efficient supply chain.