CBRE Group, Inc., New Jersey’s largest commercial real estate brokerage firm, announced today that it has been selected by SK Realty & Development Corp to serve as exclusive broker for 330 South Randolphville Road, a 146,000-square-foot, flex building in Piscataway, N.J.
CBRE’s team of Ben Shapiro and Doug Petrozzini, senior vice presidents, will oversee marketing of the asset. The building can accommodate a number of uses including office, data center, research and development, laboratories, light assembly, manufacturing, pharmaceutical and production. In addition,the building is expandable up to 350,000 square feet.
“330 South Randolphville Road offers a host of amenities, making it attractive to companies from a variety of industries,” Mr. Shapiro said. “The building has parking for 800 cars (which translates to a 5-to-1 parking ratio), interstate visibility, heavy power and fiber, and is located at a full four-way traffic-controlled intersection of Route 287. I don’t know of any other building in Central New Jersey available for sale and lease that possesses all of these attributes.”
In addition, the site is just minutes from the New Jersey Turnpike, Garden State Parkway, Interstate 78, and Routes 1 and 27. Access to Newark Liberty International Airport and Midtown Manhattan is less than 35 minutes away.
“As one of the most adaptable properties in New Jersey, 330 South Randolphville Road is a unique asset that calls for a sales and marketing team with a specific skill set,” said Stanley Karczynski, President of Fairfield-based SK Realty & Development Corp. “The CBRE team we’ve selected possesses vast knowledge of the Central New Jersey market. In addition, given CBRE’s presence and success in New Jersey, and their global platform, we are confident that the property will get maximum exposure in the marketplace.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.