Denholtz Properties announces that Y&W International has signed a lease renewal for 10,000 square feet of flex/industrial 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 superb 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.
Founded in 1988, Y&W International Inc. is a leading wholesaler of toys with customers across the United States. Their lease of 10,000 square feet at the Edgeboro Corporate Center provides the company with a flexible space to serve as both their showroom and distribution facility.
“For many years, central New Jersey’s accessibility, population density, and strong business climate have made it a tremendous market for flex space,” said Kristine B. Hurlbut, Senior Vice President of Leasing at Denholtz Associates. “Our large portfolio of flex space in Middlesex County allows us to consistently respond to strong local demand and provide long-term homes for businesses like Y&W International that enable them to service both local and national markets.”
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 200,291,964 square feet of total rentable building area, the market remains undersupplied amidst elevated demand. This is evidenced in the record low vacancy rates of 1.8 percent seen in Q2 2019. With only slightly over one million square feet of industrial product scheduled to come online over the next several quarters, the market is positioned to remain highly competitive and create 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.