{"id":1004030483,"date":"2011-06-23T06:42:07","date_gmt":"2011-06-23T14:42:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004030483"},"modified":"2022-12-07T20:38:53","modified_gmt":"2022-12-08T04:38:53","slug":"half-million-sf-lease-adds-more-pep-to-trenton-industrial-market-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/half-million-sf-lease-adds-more-pep-to-trenton-industrial-market-2\/","title":{"rendered":"Half-Million-SF Lease Near Trenton"},"content":{"rendered":"<p>June 22, 2011<br \/>\nBy Barbra Murray, Contributing Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/100-West-Manor-Way1.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004030484\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/half-million-sf-lease-adds-more-pep-to-trenton-industrial-market-2\/100-west-manor-way-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/100-West-Manor-Way1.jpg\" data-orig-size=\"480,270\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"100 West Manor Way\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/100-West-Manor-Way1.jpg?w=480\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/100-West-Manor-Way1.jpg\" alt=\"\" title=\"100 West Manor Way\" width=\"300\" height=\"168\" class=\"alignright size-medium wp-image-1004030484\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/100-West-Manor-Way1.jpg 480w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/100-West-Manor-Way1.jpg?resize=300,169 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Kenco Logistic Services L.L.C. has laid claim to more than half of the industrial building at 100 W. Manor Way in Robbinsville, N.J., with the signing of a 504,300-square-foot lease. The four-year-old facility sits along the New Jersey Turnpike, approximately 10 miles east of Trenton.<\/p>\n<p>Owned by Principal Real Estate Investors, the single-story, state-of-the-art warehouse at 100 W. Manor encompasses an aggregate 905,000 square feet and occupies a 69-acre parcel within the 400-acre Northeast Business Park. Commercial real estate services firm Jones Lang LaSalle represented the owner in the transaction, while CB Richard Ellis stood in for Kenco and shuttled the company through the process of finding a premier distribution center that would meet its main requirements\u2014easy access to thoroughfares and room for growth. The 100 W. Manor property fit the bill perfectly. \u201cIt\u2019s a rare find,\u201d William Waxman, executive vice president with CBRE, told CPE.<\/p>\n<p>Sited at the crossroads of Exit 7A and Interstates 295 and I-95, the facility more than meets the tenant\u2019s location criteria. And it also offers elbowroom.  \u201cKenco has the ability to expand to up to nearly 1 million square feet at the building, and there is a limited amount of buildings that could provide that kind of space,\u201d Mindy Lissner, executive vice president with CBRE, said. The third-party logistics provider has the option to expand into the remainder of 100 W. Manor within a designated period of time, after which point it will have the first right of refusal to lease the space.  <\/p>\n<p>Such premier big-box accommodations are dwindling in what is called the 7A market. \u201cIt\u2019s a preferred market for companies that want space for northeast regional distribution,\u201d Lissner said. The major highways surrounding the property provide easy access to such vital metropolitan areas as Baltimore, Boston, New York and Philadelphia. \u201cIt\u2019s a central location for distribution, so logistically, it works,\u201d she added.<\/p>\n<p>Indeed, leasing activity is on the rise in the area. \u201cDefinitely, the market has been picking up in the last 90 days, especially for larger spaces over 200,000 square feet,\u201d Chuck Fern, managing director with JLL, told CPE. \u201cThere have been a million-and-a-half square feet in deals in 7A within the last four months.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kenco Logistic Services L.L.C. has laid claim to more than half of the industrial building at 100 W. Manor Way in Robbinsville, N.J., with the signing of a 504,300-square-foot lease. The four-year-old facility sits along the New Jersey Turnpike.<\/p>\n","protected":false},"author":936,"featured_media":1004030484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,11,21742],"tags":[],"class_list":["post-1004030483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-midatlantic","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Half-Million-SF Lease Near Trenton - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/half-million-sf-lease-adds-more-pep-to-trenton-industrial-market-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Half-Million-SF Lease Near Trenton\" \/>\n<meta property=\"og:description\" content=\"Kenco Logistic Services L.L.C. has laid claim to more than half of the industrial building at 100 W. 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