Heller Industrial Parks signs 1.2 million SF warehouse lease with Williams-Sonoma
South Brunswick, NJ — Heller Industrial Parks, Inc., one of the largest privately-owned distribution center developers in the US announced today that it has signed a long-term lease with Williams-Sonoma Direct, Inc. for its latest best-in-class building at Heller Park North in South Brunswick, NJ. This state-of-the art distribution center is Heller’s second speculative 40’ storage height warehouse to be leased in the 8A submarket off the New Jersey Tpke. While Williams-Sonoma is a new tenant to Heller, the building will be its third warehouse in the Exit 8A submarket. The lease is an expansion for Williams-Sonoma and not a relocation. As one of the largest ecommerce retailers in the US, with 70% of its sales coming from online, Williams-Sonoma’s accelerated growth trajectory has driven the increase in its warehouse needs.
Construction commenced in July 2020 and as of the date of this press release, the pre-cast structural walls are 100% erected, and structural steel is being installed. The remaining building and site work continues swiftly, with the tenant’s pre-commencement occupancy scheduled for this July and completion anticipated by October 1, 2021.
Brian Knowles of Lee & Associates represented Williams-Sonoma, and Frederick Kurtz represented Heller Industrial Parks on the lease transaction.