East Brunswick, N.J. (January 7, 2020) – Denholtz Properties announces that RENEX NY has signed a lease for 9,000 square feet of industrial/ flex space at the Edgeboro Corporate Center at 12-16 Edgeboro Road in East Brunswick, N.J.
The Edgeboro Corporate Center is a two-building, 84,000-square-foot flex property with units up to 20,000 square feet. The buildings offer modern amenities and convenience in an outstanding location one mile from the New Jersey Turnpike and in close proximity to Routes 1 and 9, Interstate 287 and the Garden State Parkway. Edgeboro Corporate Center is also serviced by a variety of mass transit options.
“With unparalleled accessibility to both the New York City and Philadelphia metro areas, the Middlesex County industrial submarket continues to enjoy sustained demand from a wide variety of companies,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Properties. “Our vast portfolio of flex space in the region allows us to work with businesses of all sizes to find the right space for them to ensure they can tap into this lucrative market and grow their businesses.”
As the fourth fastest growing county in New Jersey, Middlesex County’s strong demographics and high level of accessibility continue to position it as one of the strongest industrial markets in the state. Although one of the state’s largest industrial markets at 201,208,665 square feet of total rentable building space, the market remains undersupplied amidst continued record-high demand. This is evidenced in the record low vacancy rates of 1.5 percent seen in Q3 2019, a decline of 30 basis points from Q2 2019. With slightly less than a half million square feet of industrial product scheduled to come to market over the next several quarters, the market will continue to present an ideal supply and demand situation for owners of well-located, modern flex spaces like Denholtz Properties.
David Zimmel of Zimmel Associates represented Denholtz Properties in the transaction.