209,000 Square Foot Lease Brings Warehouse to 100% Occupancy
Mt. Laurel, NJ - July 17, 2014 - Liberty Property Trust today announced that it signed a 209,000 square foot lease with Primal Glass at 329-333 Herrod Boulevard in South Brunswick, bringing the building to 100% occupancy.
"As we expand in Central New Jersey, every deal we make is highly motivating," said Mark Goldstein, vice president and city manager for Liberty in New Jersey. "We acquired the building completely vacant in October of last year, and were able to fully lease it in less than six months. We're very pleased to be a part of such a vibrant real estate market."
The building (329-333 Herrod Boulevard, South Brunswick) was part of an acquisition that added six warehouse buildings totaling 1.4 million square feet of space. The company's New Jersey portfolio now totals nearly five million square feet of industrial space.
Colliers International represented Primal Glass and Cushman & Wakefield represented Liberty Property Trust in the transaction.
About Liberty Property Trust
Liberty owns and manages nearly five million square feet of industrial space in New Jersey, with major holdings in Southern New Jersey's Pureland Industrial Complex and Commodore 295 Business Center both located in Logan Township, near Exit 2 of the New Jersey Turnpike. Liberty's buildings in Central New Jersey are located in South Middlesex at Exit 8A of the New Jersey Turnpike.
Liberty is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 101 million square foot portfolio consists of more than 700 properties which provide office, distribution and light manufacturing facilities to 1,800 tenants.