First Tenant Inked at Two-Building Industrial Project While Project Construction Completes
PISCATAWAY, NJ – September 9, 2014 Trammell Crow Company and joint venture partner Clarion Partners announce that Dawn Food Products, Inc. has signed a 130,681 square foot, long-term lease at 30 Knox Drive, one of two industrial buildings located within South Washington Park, a 532,792 square foot industrial project located in the heart of the Northern New Jersey Industrial Market. In addition, the development team has completed construction on both buildings, 10 Knox Drive and 30 Knox Drive. Dawn Foods plans to relocate to the building by the end of 2014.
“South Washington Park has been designed utilizing best-in-class specifications that are vital to modern distribution users,” said Andrew Mele, Principal with Trammell Crow Company’s NE Metro Business Unit. “We are pleased to be completing this project and welcome Dawn Foods to the building. We believe our South Washington Park tenants will benefit from their proximity to the Port of New York and New Jersey and New York City, the main generators of economic activity in the New York / New Jersey Metropolitan Statistical Area.”
South Washington Park features 10 Knox Drive, which is comprised of 305,750 square feet and 30 Knox Drive, which features 227,042 square feet. Building design includes high ceiling heights, efficient loading areas, wide column spacing, and ESFR sprinkler systems. Additionally, the site features full building circulation, high trailer parking ratios, sub-divided parcels, and the ability to secure each building independently. The project is located less than one mile from Exit 6 of I-287 and approximately six miles from the Exit 10 Interchange of the New Jersey Turnpike in the Port District.
About Clarion Partners
Clarion Partners has been a leading U.S. real estate investment manager for over 32 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., in S͠ão Paulo, Brazil and London, England as well as a presence in Mexico. With more than $32 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors.
More information about the firm is available at www.clarionpartners.com.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of June 30, 2014, Trammell Crow Company had $4.8 billion of projects in process and $1.9 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). For more information visit www.TrammellCrow.com.