New logistics facility will provide large block of modern, ready-to-move-into space in high-demand market.
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 is constructing a 193,805-square-foot industrial building at 5 Ethel Boulevard in Carlstadt/Wood-Ridge. The building, which is being developed on a speculative basis, will feature 36′ clear height, 61′ staging bays, 27 dock doors, ample trailer and car parking, and other logistics-enhancing features. 5 Ethel Boulevard is slated for delivery in February 2019.
“Industrial demand in Northern NJ and the Meadowlands continues to be strong as companies seek out distribution space in close proximity to the populous New York City metro area,” said Ben Rosen, Vice President of Leasing and Development for Duke Realty in New Jersey. “However, there are very few functional availabilities in the market, including in our own portfolio. With 5 Ethel Boulevard, Duke Realty will be well-positioned to meet the needs of users looking for well-located, modern space on the doorstep of New York City.”
Duke Realty’s building at 5 Ethel Boulevard is only minutes from New York City via the Lincoln Tunnel and George Washington Bridge and just .36 miles from the Wood-Ridge NJ Transit Station with rail service to New York City’s Penn Station. The building is close to several arterial highways including I-95, I-80, Rt-17, Rt-3 and Rt-46, and has potential for Norfolk Southern rail connectivity.
Parties interested in preleasing Duke Realty’s new industrial building at 5 Ethel Boulevard or in other leasing or BTS opportunities with Duke Realty in New Jersey are invited to contact Mr. Rosen at 201.248.4262.
About Duke Realty
Duke Realty currently owns or has under development 5.7 million square feet of industrial properties in New Jersey. Its local 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 150 million rentable square feet of industrial assets in 21 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.