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Corporate America Realty & Advisors breaks ground in Old Bridge

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Local representatives, and CARA and Kennedy International representatives at the groundbreaking of the 315,000-square-foot facility
Local representatives, and CARA and Kennedy International representatives at the groundbreaking of the 315,000-square-foot facility - ()

A 46-acre site in Old Bridge that will be home to a 315,000-square-foot distribution center was recently sold to Kennedy International Inc., Corporate America Realty & Advisors announced on Friday.

The buyer, Kennedy International, is a general houseware wholesaler. The company is currently situated in a 192,000-square-foot facility in Dayton.

The new facility, located on a site on Old Water Works Road, Old Bridge, according to CARA, will be a 315,000-square-foot facility with 42-foot clear ceilings and 40 loading docks.

Howard Applebaum, president of CARA, represented Kennedy International in the purchase from The Brunetti Organization. Sills, Cummis & Gross and ARCODB were also involved in the transaction.

“KII engaged Mr. Howard Applebaum, President of Corporate America & Realty Advisors to create a strategic plan that included a 300,000-square-foot distribution facility with a 40-foot clear minimum ceiling height within a specific area of Middlesex County,” CARA said in a news release. “Applebaum implemented this plan that included a short term sublease at a nearby 140,000-square-foot warehouse in Dayton, NJ.

“Slated for completion in April 2017, this warehouse includes racking and office furnishings that KII purchased at a deep discount and were ‘rolled into’ the larger 192,000-square-foot Dayton ‘long term leased’ facility. The successful plan included KII leasing out their original 190,000-square-foot, 24-foot clear facility in South Brunswick at a higher rent than they paid at the Dayton facility.”

Financial terms for the transaction were not disclosed.

CARA said the facility will be the first industrial building in Old Bridge exceeding 130,000 square feet to be built since the mid-1970s. 

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Mario Marroquin

Mario Marroquin


Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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