BORDENTOWN, NJ — In a transaction arranged by CBRE, Modell’s Sporting Goods has committed to a 312,373 s/f industrial lease at 201 Old York Rd. in Bordentown. The sporting goods retailer, with locations throughout the Northeastern United States, will house its logistics and distribution operations at the newly built, state-of-the-art facility owned by Matrix Development.
The CBRE team of Bill Waxman, Mindy Lissner and Steven Beyda worked in tandem with Brett Weinblatt of Compass Commercial in representing Modell’s in the search and lease negotiations. CBRE’s Paul Touhey, Dan McGovern and Jake Terkanian also assisted in the space search.
“The transaction involved an exhaustive search throughout New Jersey, lower New York and Eastern Pennsylvania,” said Waxman, executive vice president, CBRE. “The building is a brand-new distribution facility that boasts the types of amenities that will allow Modell’s to improve its supply chain operations, deliver merchandise to the stores more efficiently, enhance its growing e-commerce business and position the company for future growth and exceptional service.”