Lee & Associates New Jersey negotiated a 611,000-square-foot, full-building industrial lease with GXO Logistics at 301-321 Herrod Blvd. in South Brunswick, New Jersey. The long-term transaction enables the contract logistics firm to expand its Middlesex County operations.
Lee & Associates’ Dave Saltzman served as tenant representative. As a preferred vendor for GXO Logistics, one of the world’s largest contract logistics companies, he has negotiated over 2.5 million square feet of space nationwide on the company’s behalf since the beginning of 2022. Marc Petrella of KBC Advisors, Woodbridge, New Jersey, represented the landlord, Link Properties.
“GXO was looking to grow its footprint in the immediate area due to the expansion needs of its client base,” said Saltzman. “We conducted an extensive search to locate a site within a set radius from GXO’s existing facility in the N.J. Turnpike Exit 8A market, focusing on South Brunswick, Cranbury and Monroe Township. Ultimately, this property’s location and the building’s features and size created an ideal scenario that not only enabled GXO to meet its additional space needs but also retain its existing labor force.”
Situated on nearly 40 acres, 301-321 Herrod Blvd. provides a Class A corporate image setting. Prior to GXO occupying the building, Link Properties will undertake a complete rehabilitation of the property, including renovating the office space, providing new LED lighting throughout the building and adding new dock doors. The company will reseal and stripe all warehouse floors and outside paved areas, including the parking lots and truck courts.
