NEW JERSEY—Cassidy Turley has been named exclusive leasing agent for 20 South Middlesex Avenue, a 146,529-sq.-ft. industrial building located in Monroe Township. Cassidy Turley’s Executive Vice President Charles Fern and Associate Vice President Jason Barton are handling the assignment.
20 South Middlesex Avenue is situated on just over 11 acres and includes a mix of 128,054 sq. ft. of warehouse space, 13,800 sq. ft. for office space and 4,675 sq. ft. for shipping office.
Immediately available for sale or lease, the property offers expansion potential for an additional 40,0000 sq. ft. and is located in close proximity to Exit 8A with N.J. Turnpike frontage.
According to Cassidy Turley’s first-quarter 2012 industrial market report, the Exit 8A submarket now 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.