Commercial developer Rockefeller Group recently announced it broke ground on its 2.2 million-square-foot logistics center in Piscataway.
The developer said the six-building center is available for requirements beginning early 2018 and that it will work alongside Cushman & Wakefield’s team of Jules Nissim, Stan Danzig and Marc Petrella to market and lease the project.
“While the Turnpike corridor has historically been the focus of industrial development in New Jersey, we believe that our master plan for this site — now coming to life, with construction underway — will shift that focus,” Clark Machemer, senior vice president and regional development officer for Rockefeller Group's New Jersey and Pennsylvania operations, said. “The I-287 submarket is the obvious next frontier for development in the northern part of the state, and opportunities like this — in terms of both location and building functionality that can accommodate future growth — are few and far between right now.”
The Rockefeller Logistics Center will feature properties ranging from 200,000 to 800,000 square feet and will be comprised of a combination of spec and built-to-suit properties. An on-site rail service, two means of ingress and egress to the site and an in-place 30-year PILOT agreement have been negotiated by Rockefeller.
“There is a convergence of forces at play here that make this site especially desirable,” Nissim said. “Not only is it one of the last remaining developable parcels of its size in New Jersey, but it’s being developed at a time when building functionality is changing the face of industrial development in the state. Users today are demanding building features, such as 40-foot clear heights and ample trailer parking that support the continued growth that they’re experiencing, largely driven by e-commerce. Rockefeller Group is accommodating all of those requirements.”