Cushman & Wakefield arranges sale of more than one million s/f of industrial property
PISCATAWAY, NJ — Rockefeller Group, along with joint venture partner PCCP, LLC, announced the sale of two recently completed distribution centers in Rockefeller Group Logistics Center to DWS Group’s real estate platform. This marks the first two sales at the logistics park, where Rockefeller Group is developing five buildings totaling 2.1 million s/f. The first building, a 725,000 s/f distribution center located at 300 Ridge Rd., was fully leased during construction to Best Buy. It features 36-foot clear ceiling heights, 137 cross-docked loading positions and 195-foot truck docks. The second building, located at 100 Ridge Rd., is a 311,000 s/f distribution center that is leased by two tenants: Fujitsu General America Inc. (“Fujitsu General”) and Humanscale. Each tenant occupies approximately 155,000 s/f.