First Industrial to build 200,000 s/f logistics facility on NJ/PA border

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First Industrial Realty Trust is set to build a 208,000 s/f
distribution facility in Bordentown, NJ.

The developer acquired a 20-acre parcel located at 445
Rising Sun Road in Bordentown, from a private investor in a deal brokered by NAI
Mertz’ Jonathan Klear and Fred Meyer.

 First Industrial is
launching construction of a speculative building on the site, which has
frontage on Route 130, Rising Sun Road, and Dunns Mill Road. Klear and Meyer,
in conjunction with Cushman & Wakefield’s Jules Nissim  and Kimberly Bach, Snr., have been selected by
First Industrial to handle leasing for the building, to be known as First
Bordentown Logistics Center.

“First Bordentown Logistics Center will be a great addition
to our New Jersey portfolio and will enable us to meet strong tenant demand in
this significant logistics corridor that serves the East Coast consumption
zone,” said John Hanlon, Executive Director of First Industrial Realty Trust.

“We have enjoyed success with the three nearby buildings we
already own totaling 453,000 square feet and will continue to explore new
investments in this high growth market that is benefiting from strong highway
infrastructure and a talented and diverse local workforce.”

 First Bordentown will
total approximately 208,000 square feet of warehouse and include 2,950 square
feet of office space. Delivery is slated for late 2022.

The proposed building will feature 36 ft. clear ceiling
heights, approximately 56 by 50 ft. column spacing, 45 trailer stalls, 42 dock
doors, two ramps, ESFR sprinkler system and abundant employee parking.
Corporate neighbors include Grainger, Genesis Logistics, Netflix, United
Supply, Owens & Minor and BJ’s, among others.

 “The site for this
Class A building is an ideal location for distribution and industrial users
given its close proximity to major highways offering many transportation
options, and a local labor pool of hundreds of thousands of talented and eager
workers,” said Klear.

 “First Industrial is
a long-time client of our firm and we have built a strong relationship with
their team of professionals for many years. They always deliver quality
products and we are thrilled for the opportunity to bring a quality tenant to
their building. Our expert knowledge of the area and local business climate
will be sure to help make this project a complete success,” added Meyer.

 This location in
Burlington County has been witnessing an industrial boom for several years.
This site will offer potential tenants immediate northbound and southbound
access to Route 130 and less than one mile of travel to southbound access to
I-295 at Exit 56 and northbound access to I-295 at Exit 57. It is also just two
miles to Exit 7 of the New Jersey Turnpike and 7.5 miles to the Pennsylvania
Turnpike.

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