Carlstadt Warehouse fully leased
Two new long-term leases have brought Meadowlands Distribution Center in Carlstadt to 100 percent occupancy, said the realtor Cushman and Wakefield.
Stone Source, a stone and tile supplier, leased 89,000 square feet and will relocate three Brooklyn facilities in a consolidation move.
Crestron Electronics, headquartered in Rockleigh, N.J., has leased 53,500 square feet at Meadowlands Distribution Center and will house a new distribution facility at the property. The firm is a manufacturer of advanced control and automation systems.
Owned by RREEF, the 350,000-square-foot, high-cube distribution center is located at 350 Starke Rd. in Carlstadt.
Built on spec, the property was “a rare opportunity for ‘big box’ warehousing and high-tech clients in the Meadowlands market,” said Stephen Elman of Cushman and Wakefield.
“It mirrors the modern product tenants are drawn to at Exit 8A of the New Jersey Turnpike, yet it is located just six miles from Manhattan in the heart of a deep local labor base, with proximity to major thoroughfares, Port Newark-Elizabeth and Liberty International Airport,” he added.