JLL has completed a 203,488-square-foot lease transaction for an apparel company, for the full new development at 85 Stults Road in South Brunswick, NJ. The distribution and warehouse facility, now under construction, is a joint venture between EverWest Real Estate Investors and Accordia Realty Ventures. The apparel company signed a 10-year lease.

Brian Golden, managing director, at JLL, represented ownership and Joel Lubin, executive managing director and Gary Politi, senior vice president at JLL represented the tenant in the transaction.

EverWest Real Estate and Accordia Realty Ventures acquired 20 acres of land at 85 Stults Road, along with a 369,000-square-foot building at 83 Stults Road, from Hermann’s Services Inc. in 2017.One Stop Logistics leased the space at 83 Stults Road for a 10-year period in 2018, with JLL representing Accordia Realty Ventures and EverWest in the transaction.

85 Stults is located adjacent to the New Jersey Turnpike’s Exit 8A, and in the heart of the hottest industrial market in the state, and the ownership team worked for more than a year to secure approvals with the local municipality to build a new facility.

The project is currently under construction, and will include 36-foot clear ceiling heights, 52 loading docks, four drive-in doors, 38 car parking spaces and 75 trailer stalls. The distribution and warehouse facility is expected to be completed by the end of 2019.

“This is an ideal opportunity to take advantage of a centrally located facility that provides easy access to the greater New York region and the east coast,” said Golden. “The state-of-the-art facility offers close proximity to the New Jersey Turnpike’s Exit 8Aat a time of limited supply in this demanding industrial submarket.”

JLL formed its Northeast Industrial Region in early 2017, combining its industrial brokerage operations in Connecticut, New Jersey, New York and Pennsylvania into a single region. The firm merged its industrial business lines to better serve clients that increasingly view the industrial sector in all four states as one large interconnected market. The Northeast Industrial Market comprises approximately 1.54 billion square feet of industrial space, and represents the largest industrial market in the United States.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

About EverWest Real Estate Investors, LLC

EverWest Real Estate Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is a real estate investment and operating company based in Denver, Colorado. The company’s goal is to create significant value for investors through a combination of capital appreciation, strategic acquisition, development, capitalization, repositioning and management of commercial real estate assets. For more information on EverWest, visit www.everwest.com. For more information on GWL Realty Advisors, visit www.gwlra.com.

About Accordia Realty Ventures, LLC

Founded in 2005, Accordia Realty Ventures, LLC is an entrepreneurial real estate firm dedicated to the creative and collaborative process of value creation through real estate investment and development. The firm targets investment opportunities in undervalued, high grade, income producing commercial properties. Accordia provides both property and asset management services to its institutional clients. Headquartered in Fairfield, NJ, the firm is noted for the creation and development of “smart growth,” mixed use, urban and redevelopment projects. For more information, visit www.accordiarealty.com.