Sitex Group and an institutional client of Connecticut-based Cornerstone Real Estate Advisers has tapped Cushman & Wakefield’s East Rutherford, NJ office to lease a new two-building industrial development in Ridgefield, NJ. The 278,000 sqf close-in property provides access to the New Jersey Turnpike, and is located just four miles from the George Washington Bridge and six miles from the Lincoln Tunnel. The buildings, offering 195,000 and 83,000 sqf of space, are designed to accommodate single or multiple tenants with 36 foot clear heights, heavy floor loads, a high loading door ratio and ample parking.
“This ground-up project will introduce a brand-new, state-of-the-art, institutionally owned distribution property in the heart of the New Jersey Meadowlands – a market with limited Class A industrial product,” Stephen Elman, Cushman & Wakefield noted. “Its proximity to Manhattan provides an ideal opportunity for users with e-commerce last-mile delivery, regional distribution or headquarters requirements.”
