Murray Construction 100% leased for the first time at Centennial Industrial Park

August 27, 2015

 

MILLBURN, NJ — Centennial Industrial Park, a 12 building 1,100,000 s/f campus located directly off Exit 7 on Rte. 287 has, for the first time in its development history, achieved 100% occupancy, capped off with recent deals with drug manufacturer Amneal Pharmaceuticals totaling 176,121 s/f at 21 and 41-49 Colonial Dr., and with Zimmer, Inc., an Indiana-based manufacturer of musculoskeletal technologies for 81,500 s/f at 1045 Centennial Ave. Ron Ganter of Cresa represented Amneal, while Bill Brown, Andrew Siemsen and Jon Jessup of Cushman & Wakefield represented Zimmer.
Murray Construction has also announced that it has recently closed on the opportunistic sale of five non-core suburban office and medical-office assets located in Millburn, Piscataway and Branchburg.
According to Brian Fitzsimons, senior vice president and director of real estate for Murray Construction, “We have implemented a strategy that has taken advantage of the demand for well-located, quality office and medical product from user groups seeking to own their own properties from which to operate. These dispositions have enabled us to concentrate our resources on successfully stabilizing our existing industrial holdings and to broaden our sights on potential new industrial investment and development opportunities.”
Founded in 1956 and named after its founder, Maurice M. Weill, Murray Construction is a regional commercial real estate company which develops, builds, markets and invests in a diversified range of real estate, including industrial, flex, lab, office, medical, retail, and storage facilities. From humble beginnings, Murray Construction has developed over 25,000,000 s/f of commercial projects.

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