NEW JERSEY—Cassidy Turley has been named exclusive leasing agent for 24 Abeel Road in Monroe Township. Executive Vice President Charles Fern and Associate Vice President Jason Barton are handling the assignments.
Set on a 3.2-acre lot, 24 Abeel Road is comprised for approximately 40,000 sq. ft. The property is available for sale or lease and features a 24-ft. clear ceiling height with a 6,200-sq.-ft. office area, one drive-in and four tailboards. The site is two blocks from a New Jersey Turnpike entrance, approximately one-half mile from Interchange 8A. The property will be available in October.
According to Cassidy Turley’s first-quarter 2012 industrial market report, the Exit 8A submarket has experienced eight quarters of consecutive positive absorption, and the vacancy rate is currently 8.3 percent less than its peak of 21.3 percent in the third quarter of 2009.