Third-Party Logistics Company Inks Lease at Newly Constructed 750,000-SF Facility in Hillsborough, NJ

Barrett Distribution Centers, a customized third-party logistics and omni-channel distribution company, has inked a 171,560-sq.-ft. industrial lease at Midpoint Logistics Center, located at 152 Route 206 in Hillsborough, New Jersey, a newly-constructed, 750,000-sq.-ft. facility developed by Los Angeles-based Industrial Realty Group (IRG), reports CBRE.

The CBRE team of Ben Shapiro, Mindy Lissner, William Waxman, Steven Beyda, Kevin Dudley, Robert Pine and David Gheriani acted as the exclusive leasing agent for the property and represented developer/owner IRG in the lease negotiations.

“Barrett is one of the largest family-owned logistics and distribution companies in the country with facilities from coast to coast and is a great addition to the newly developed Midpoint Logistics Center,” said Mr. Shapiro. “This strategically located building is ideal for major users looking for quality industrial space at the epicenter of two major consumer markets.”

Midpoint Logistics Center is a 165-acre property being developed in two phases by Industrial Realty Group, a national real estate development and investment firm specializing in the acquisition, development and management of commercial and industrial real estate throughout the United States. The logistics center is just 15 minutes from I-78and an hour from New York City and Pennsylvania’s Lehigh Valley. It also boasts 36-foot clear ceiling heightsand exceptional loading capacity.

Chris Hile of Jones Lang LaSalle represented Barrett Distribution Centers in the lease negotiations.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.