354,250-square-foot warehouse at 1000 High Street in Perth Amboy 100% leased just four months after acquisition
The New Jersey office of Duke Realty (NYSE: DRE), the leading domestic-focused industrial property REIT (Real Estate Investment Trust) in the country, announces that it has leased ePort 1000, its 354,250-square-foot warehouse at 1000 High Street in Perth Amboy to 4PX Express USA, a 3PL focused on ecommerce fulfillment and logistics solutions. Duke Realty acquired ePort 1000 in November 2017 as part of a 3.1 million-square-foot New Jersey industrial portfolio purchase that includes six completed buildings and two development sites located along the I-95 corridor.
“4PX Express had been looking for a larger facility for their operations for several months. We were pleased to learn of their space needs and be able to propose our new ePort warehouse as a solution,” said Ben Rosen, Vice President of Leasing and Development for Duke Realty in New Jersey. “This building provides 4PX with the square footage they need for their growing operations, plus gives them a modern, first-class facility in an ideal location for ecommerce fulfilment in the New York metropolitan area.”
1000 High Street is one of three new industrial buildings known as the ePort Logistics Center that Duke Realty owns just off NJ-440 (I-287) and east of I-95 in Perth Amboy. The building features 36′ clear height, 44′-6″ x 55′ column spacing, 63 dock doors, and 2 drive-in doors. Outside of the building is a 130′ truck court and parking for 218 automobiles and 117 trailers.
Ken Lundberg with NAI Hanson and Julie Huang with ACJ International Realty represented 4PX Express in the lease, while Duke Realty was represented by Ben Rosen and Caitlin English and its listing agents Thomas Monahan, Stephen D’Amato and Larry Schiffenhaus with CBRE.
About Duke Realty
Duke Realty’s New Jersey portfolio currently includes 5.7 million square feet of industrial properties. Duke Realty’s New Jersey office is located at One Meadowlands Plaza, Suite 200, East Rutherford. The office phone number is 484.533.2659.
On a nationwide basis, Duke Realty Corporation owns and operates approximately 149 million rentable square feet of industrial assets in 20 key U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.