![]() ![]() We also use these cookies to understand how customers use our services (for example, by measuring site visits) so we can make improvements. A news veteran of nearly 40 years, Makin covers business and entertainment.We use cookies and similar tools that are necessary to enable you to make purchases, to enhance your shopping experiences and to provide our services, as detailed in our Cookie Notice. Rockefeller Group expects the building to be completed in August 2020.īob Makin has won 11 New Jersey Press Association Awards and four Best of Gannett Awards. “There continues to be scarcity of sizable assets greater than 700,000 square feet in the marketplace, especially along the New Jersey Turnpike corridor,” Monahan said.Įxpected to be completed by August, the project is even larger than both the nearby Amazon fulfillment center and a sprawling FedEx facility. In the I-287 and Exit 10 submarket, vacancy fell to 2.1 percent. The firm noted that, for the second quarter, overall vacancy for the entire New Jersey industrial market fell to 3 percent. Monahan is heading the leasing efforts for the project along with CBRE’s Stephen D’Amato and Larry Schiffenhaus, touting the still-strong demand in the region for buildings greater than 750,000 square feet. “With great access to the port and 40-foot high ceilings, we feel 10Edison will be attractive to a variety of users.”ĬBRE Vice Chairman Thomas F. “This project is one of the few industrial projects under construction of more than 750,000 square feet in New Jersey and is a rare combination of location and size,” said Mark Shearer, Rockefeller Group’s senior vice president and regional development officer. Rockefeller Group’s 10Edison will be the firm's second 40-foot clear distribution center in the market, following its 2015 delivery of Cranbury Station Park in Cranbury. SEE ALSO: Amazon Edison fulfillment center is ready for Prime DayĪ cross-dock building will feature 40-foot clear ceiling heights, 150 dock doors, 464 auto-parking stalls and 206 trailer-parking stalls, according to the developer. Their decision to invest here creates more temporary and permanent jobs, increases Edison’s commercial tax base, and it will not strain municipal services.” "The Rockefeller Group recognizes our town’s strategic value as a distribution hub. “Edison is situated at one of New Jersey’s major crossroads with convenient access to Interstate 287, the Turnpike and Parkway, and to Route 1," Township Council President Alvaro Gomez added. “I consider this extremely crucial to accommodate Edison’s new distribution centers and to accommodate commuter traffic from the Edison-Metuchen area," Lankey said in a statement. ![]() 12 meeting, the Metuchen Borough Council discussed a full-service interchange from Route 27 to I-287 to accommodate more traffic from Edison’s distribution centers, as well as increasing commuter traffic.Įdison Mayor Tom Lankey said he and his administration have been working since 2016 with Assemblyman Rob Karabinchak, D-18th District, and the state Department of Transportation to improve access also from New Durham Road. ![]() The development firm has worked closely with township officials on site improvements, zoning and infrastructure.Įdison, as well as neighboring Metuchen, aim to improve access to Interstate 287 from Route 27, authorities said. Rockefeller Group acquired the site in 2017 soon after township council deemed it "an area for redevelopment" based on the recommendation of the planning board. ![]()
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