Metropolitan Warehouse & Delivery will occupy 220,200 SF in ePort 960, bringing all six buildings acquired by Duke Realty in November 2017 to 100% occupancy.
The New Jersey office of Duke Realty Corporation (NYSE: DRE), the nation’s leading, domestic-only, pure-play industrial property REIT (Real Estate Investment Trust), has leased ePort 960, a 220,200-square-foot warehouse located at 960 High Street in Perth Amboy. Duke Realty acquired ePort 960 late last year as part of a 3.1 million-square-foot portfolio that included six completed buildings and two development sites located along the I-95 corridor. Metropolitan Warehouse & Delivery, a furniture delivery and fulfillment service, leased the entire building, bringing Duke Realty’s entire New Jersey in-service portfolio to 100 percent occupancy.
“Demand for warehouse space in New Jersey continues to be strong, particularly for modern properties in close proximity to the New York metropolitan area,” said Ben Rosen, Vice President of Leasing and Development. “ePort 960, as well as our other buildings along the I-95 corridor, are among the newest and most functional buildings in the market and perfectly suited for last-mile fulfilment operations. We are pleased that Metropolitan saw the benefits that ePort 960 offers and acted quickly to secure the space.”
ePort 960 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, 29 dock doors, and 2 drive-in doors. Outside of the building is a 130′ truck court and parking for 112 automobiles and 57 trailers.
Joseph Nitti with Commercial Real Estate Partners LLC represented Metropolitan Warehouse & Delivery 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.
Duke Realty currently has two buildings under construction in Northern New Jersey along I-95 which are available for lease. 5 Ethel Boulevard in Carlstadt is a 193,805-square foot building in the heart of the Meadowlands submarket and 429 Delancy Street in Newark is a 661,741-square-foot facility with excellent proximity to New York City, the Port, I-95 and I-78. Both buildings are slated for delivery in early 2019. Parties interested in preleasing are invited to contact Ben Rosen at 201.248.4262.
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.