{"id":1004292473,"date":"2019-01-23T09:43:01","date_gmt":"2019-01-23T17:43:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004292473"},"modified":"2021-09-10T10:14:23","modified_gmt":"2021-09-10T18:14:23","slug":"liberty-property-trust-inks-full-building-lease-in-nj","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-inks-full-building-lease-in-nj\/","title":{"rendered":"Liberty Property Trust Inks Full-Building Lease in NJ"},"content":{"rendered":"<div id=\"attachment_1004292488\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/14257.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004292488\" data-attachment-id=\"1004292488\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-inks-full-building-lease-in-nj\/attachment\/14257\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/14257.jpg\" data-orig-size=\"1000,775\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"19 Crows Mill Road\" data-image-description=\"&lt;p&gt;19 Crows Mill Road&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;19 Crows Mill Road&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/14257.jpg?w=1000\" class=\"wp-image-1004292488 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/14257.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/14257.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/14257.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/14257.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004292488\" class=\"wp-caption-text\">19 Crows Mill Road<\/p><\/div>\n<p>Liberty Property Trust&nbsp;has signed a 302,500-square-foot industrial lease with The Gilbert Co. at 19 Crows Mill Road in Keasbey, N.J. The supply-chain service company will occupy the entire building, which has been vacant following Achim Importing Co.\u2019s relocation.<\/p>\n<p>The single-story property features extensive trailer storage, 180 dock doors, solar panels and 110 parking spaces. Located on 25 acres near Exit 10 of the New Jersey Turnpike, the asset offers easy access to Port Newark\/Elizabeth and New York City.<\/p>\n<p>Lincoln Property Trust acquired the building from Alliance Shippers last September. According to Yardi Matrix, it traded for $41 million. In a separate transaction, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-buys-52m-inland-empire-industrial-building\/\">purchased a warehouse in <\/a>Inland Empire in the same timeframe.&nbsp;<\/p>\n<p>Cushman and Wakefield\u2019s Charles Fern, Gary Casaletto, Jason Barton, Thomas Tucci and Stephen Shoemaker represented the landlord in the lease transaction.<\/p>\n<p>\u201c<em>With this acquisition, Liberty has nearly doubled its footprint in Central and Northern New Jersey in the last 13 months with the acquisition of four properties totaling approximately one million square feet. Liberty entered the market in 2013 with the acquisition of three properties at Exit 8A and has since expanded its holdings up through the Meadowlands for a total of ten properties representing 2.2 million square feet<\/em>,\u201d said Liberty Property Trust Vice President of Leasing Peter Corcoran in a prepared statement.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gilbert Co. will be the only tenant of the 302,500-square-foot industrial building, which traded in a $41 million deal last September. <\/p>\n","protected":false},"author":741,"featured_media":1004292488,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1600,21742,10],"tags":[32799,33043,43748],"class_list":["post-1004292473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-new-york","category-latest","category-northeast","tag-cushman-wakefield","tag-liberty-property-trust","tag-the-gilbert-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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