The Steel is Up at Russo Development's 50 Madison Road in Totowa, NJ
By Mel Fabrikant Wednesday, September 24, 2008, 04:01 PM EDT
50 Madison Road, Totowa
CB Richard Ellis, New Jersey’s largest commercial real estate brokerage firm, was recently appointed exclusive leasing agent for 50 Madison Road, a warehouse/flex space under construction in Totowa, New Jersey. The CB Richard Ellis team of Thomas Mallaney, first vice president, and Carrie Brown, senior associate, will be responsible for leasing this project.
Russo Development has been building signature industrial developments throughout northern New Jersey since 1969. They have developed more than 7 million square feet of space since their inception and continue to develop high quality space to include this new facility in Totowa, which will provide interested tenants with a range of different size units divisible down to 10,000 square feet.
“CB Richard Ellis is pleased to have been selected as exclusive leasing agent for 50 Madison Road,” stated Mallaney. “We are excited to see this project develop and hope to see tenants in the building in the first quarter of 2009.”
50 Madison Road is designed as a one-level structure that consists of flexible warehouse units. Some outstanding amenities that will be featured in this location are 32-foot ceilings, brick masonry veneer, ESFR sprinklers, abundant landscaping with ample parking and loading.
“This is one of the rare, state of the art warehouse buildings along the Route 80 corridor that will provide its tenants with unique high ceiling functionality in a Class “A” setting,” said Brown. “This facility is conveniently located right off Route 80 and will offer perspective tenants a generous 126,370 square feet of warehouse/flex space. The steel is now up at the site, and we are all eager to see the project progress in the coming months.”
About Russo Development
Since 1969, the Russo Development name has become synonymous with the highest quality, signature industrial developments throughout Northern New Jersey. Now in our second generation of Russo leadership, we have meticulously built our reputation by satisfying the discerning needs of our customers and by never wavering from our passion for excellence in even the smallest details. Having developed more than five million square feet of space since our inception over three decades ago, Russo Development is today recognized as one of the most successful niche development firms in the marketplace.
