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
Piramal 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 Piramal Glass and Cushman
& Wakefield represented Liberty Property Trust in the transaction.
About Liberty Property Trust
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.
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.
Inquiries: Mark Goldstein 856.642.8300
Media Contact: Robbie Tarpley Raffish 443.944.9301