Transwestern Facilitates Lease on Behalf of Terreno Realty Corp.
May 20, 2020
New Jersey – Transwestern Real Estate Services (TRS) announces Lexus of Bridgewater has renewed its lease for 62,400 square feet at 1EB and 1EA Chimney Rock Road, part of the Middlebrook Crossroads industrial warehouse and flex manufacturing property in Bridgewater, New Jersey. The Transwestern industrial leasing team of Managing Directors Jeffrey Furey and Lori Zuck and Associate Matt McHale represented the landlord, Terreno Realty Corp., in the transaction.
“New Jersey remains an industrial hotspot, and we’re seeing continued interest from users for well-located and maintained properties,” said Furey. “Middlebrook Crossroads, one of the first planned industrial parks in the country, is a prime example showing the tremendous strength of a versatile property with access to highways and nearby amenities.”
Currently 89% occupied, Middlebrook Crossroads is an 18-building, multi-tenanted industrial complex featuring upgraded roofing, signage and landscaping. Tenants at the property range from food services to light manufacturing and recreation, including a CrossFit franchise and a basketball center.
The property's location between Routes 22 and 28 and near Interstate 287 is a major benefit for businesses that require access to Parsippany, Flemington, Princeton and Staten Island, which are all within a 30-minute drive. Middlebrook Crossroads is also conveniently located near the Bridgewater Commons Mall, Bridgewater Promenade, as well as several restaurants and hotels.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.