NAI DiLeo-Bram & Co. (NAIDB) has been named exclusive leasing agent for 107 How Lane, a 6.5-acre, 38,000-SF industrial property in New Brunswick, NJ. The firm’s team of Managing Director/Principal Chris Galiano, SIOR, and Associate Vice Presidents Kyle Gerace and Robert V. DiLeo is spearheading the assignment.
The leasing assignment follows Gerace’s involvement in arranging for the off-market $19.5M sale of 107 How Lane between an unnamed private owner andRidgecut Road, the buyer. The warehouse/logistics property is centrally situated within Central Jersey’s sought-after industrial corridor and marks the sixth New Jersey property acquisition for Ridgecut.
Poised for repositioning, 107 How Lane offers a versatile range of industrial spaces. The property features a 10,300-SF terminal facility with 12-foot ceilings and 23 dock doors, a 19,500-SF single-story warehouse with 14- to 24-foot ceilings and seven grade doors and an 8,000-SF maintenance facility with 14-foot clear ceilings and 13 grade doors.
The fenced site also includes dual roadway access to How Lane and Jersey Avenue, ample parking, an outdoor storage area and abundant lighting.
“New Brunswick is the hub of Central New Jersey and continues to grow with the expansion of Rutgers University,” said Galiano. “The 107 How Lane property offers rare outside storage for tenants that need to be located where the substantial growth continues year over year.”
Strategically located, 107 How Lane provides access to a vast consumer base within a four-hour drive. NAIDB is leveraging the region's robust infrastructure, including proximity to U.S. Route 1, NJ Turnpike Exit 9, Outerbridge Crossing, Goethals Bridge, Newark Airport and the Ports of Newark and Elizabeth, to attract potential tenants.