The Rockefeller Logistics Center in Piscataway, a 2.2 million-square-foot distribution center by Rockefeller Group, is set to house a 725,000-square-foot distribution center, Rockefeller announced Friday. Best Buy is now the first official tenant at the Rockefeller Logistics Center and expects to open its new facility before the 201 holiday season.
"We think that Best Buy made a great decision," Piscataway Mayor Brian Wahler said. "We welcome Best Buy to Piscataway and we are excited for the increased economic activity in our community.”
Best Buy said it expects to move more than 300 employees and third-party jobs to Piscataway. The new facility will service 90 Best Buy stores in the state, New York, Connecticut, Pennsylvania and Delaware.
“Signing a lease with a high-caliber company like Best Buy at the Rockefeller Group Logistics Center validates our vision for the master-planned development as one of New Jersey’s largest and most sought-after distribution hubs,” said Clark Machemer, senior vice president and regional development officer for Rockefeller Group. “The company’s decision to take space in Piscataway is a testament to the market’s recognition of the Interstate 287 corridor as the next frontier for well-located industrial development in the state.”
The Rockefeller Logistics Center will comprise six buildings ranging from 200,000 to 800,000 square feet on 228 acres.
Jules Nissim of Cushman & Wakefield is heading the leasing assignment on behalf of Rockefeller Group.
“We’re excited to expand our supply chain capabilities with this new, larger distribution center,” said Jeff Shelman, a Best Buy spokesperson. “With the growth of our appliance business and our strong market share position in home theater, this facility will help us serve our customers more effectively and more efficiently.”
Rockefeller said the logistics center has an in-place 30-year PILOT agreement.