2 days ago
Mega $33M office-shipping center near N.J. Turnpike to open next year
The Joyce Kilmer Logistics Center, a new $33 million industrial project in Middlesex County, is expected to be completed in 2026.
Faropoint and Deugen Development closed on the construction loan for the 195,421-square-foot complex this summer, according to a news statement issued by Cushman & Wakefield, which arranged the loan.
The center, located at 701 Joyce Kilmer Ave. in New Brunswick, will feature 36-foot clear ceiling heights, 32 loading docks and electric vehicle parking spaces, and modern office space, according to the statement.
It is designed to accommodate mid-sized users, with the flexibility to divide into smaller units ranging from 40,000 to 50,000 square feet.
The project is strategically positioned near major transportation routes including the New Jersey Turnpike (I-95) and Route 1, providing easy access to key consumer markets in New York City and Philadelphia.
'The Exit 9 industrial corridor has become a gateway for commerce in the northeast and has benefitted from a rapid surge in demand for modern industrial facilities, driven by e-commerce growth and supply chain optimization,' said Brad Domenico of Cushman & Wakefield.
The development also addresses a specific market need, according to Orry Michael, vice president of Northeast Acquisitions at Faropoint, who said there is a 'limited supply of new Class A product with suites under 100,000 square feet in this Exit 9 micro-location.'
Generative AI was used to produce an initial draft of this story, which was reviewed and edited by NJ Advance Media staff.
